Major financial investors are to be urged by the world’s largest shareholder advisory firm to vote against company board members if they fail to address global heating in their roles, amid renewed pressure on firms with poor environmental track records.
Institutional Shareholder Services (ISS), which issues advice to some of the world’s biggest fund managers, has updated its proxy voting policy including changes that allow it to recommend votes against company directors over “material failures … including, demonstrably poor risk oversight of environmental and social issues, including climate change”.
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