Climate change and diversity remain biggest concerns for investors ahead of AGM season
Climate change and diversity will be the most pressing issues for investment managers during this year’s AGM season, according to the new expectations on companies issued by the Investment Association (IA).
With climate change presenting “one of the biggest risks to the long-term sustainability of a company”, investment managers will be looking for businesses to take immediate action, the IA reported, explaining how climate change will impact them and how they are mitigating the risk.
IA encouraged firms to disclose their transition plans to net zero ahead of them being mandated by government.
This year, the Institutional Voting Information Service (IVIS) will give an ‘amber-top’ warning for all companies that do not make disclosures against all four pillars of the Task Force on Climate-Related Financial Disclosures (TCFD).
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