Corporate Governance Archives - Page 2 of 13 - Pension Policy International

17JanJanuary 17, 2024

UK. Pension funds to begin TNFD reporting

At the annual meeting of the World Economic Forum (WEF) in Davos today (16 January), 320 organisations from 46 countries signalled their commitment to adopting the TNFD recommendations. Among these were Local Government Pension Scheme (LGPS) pools Brunel Pensions Partnership and London CIV. Other signatories included UK asset managers such as Fidelity International and Schroders, as well as the London Stock Exchange Group. Several UK climate-focussed asset managers were also on the list, including Climate Asset Management, Impax Asset Management, Greensphere Capital,...

January 17, 2024

NewsCorporate Governance, Regulation, UK

07DecDecember 7, 2023

Danish pension fund to sell its Tesla shares over union dispute

PensionDanmark, one of Denmark's largest pension funds, said on Wednesday it had decided to sell its holdings in Tesla (TSLA.O) over the U.S. auto company's refusal to enter into agreements with labour unions. The decision is part of a growing Nordic movement to force Tesla to sign collective bargaining agreements with Swedish mechanics, who have been on strike since October. Labour unions in Norway and Denmark this week said they would start blocking transit shipments of Tesla cars meant for the Swedish market. Tesla has a policy of not...

December 7, 2023

NewsCorporate Governance, Denmark, ESG, Investment

14SepSeptember 14, 2023

US. Fox Sued by New York City Pension Funds Over Election Falsehoods

New York City’s pension funds sued the Fox Corporation and its board on Tuesday, accusing the company of neglecting its duty to shareholders by opening itself up to defamation lawsuits from the persistent broadcasting of falsehoods about the 2020 presidential election. The lawsuit, filed in the Delaware Court of Chancery, is the most significant shareholder action since Fox settled a blockbuster defamation lawsuit brought by Dominion Voting Systems in April for $787.5 million. The city’s five pension funds represent nearly...

September 14, 2023

NewsCorporate Governance, Pension Management, US

01SepSeptember 1, 2023

Exploring the Impact of Information Environment on ESG Disclosure Behavior: Evidence from National Pensions and Foreign Investors

By Jong Won Choi, Suk Hyun & Ju Hyoung Park This study examines the impact of institutional investors on the environmental, social, and governance (ESG) disclosures of Korean companies listed on Bloomberg from 2011 to 2020. We find that while institutional investors encourage general ESG disclosure, they do not influence materiality-based ESG disclosure. Interestingly, materiality-based ESG disclosures decrease when institutional investors are major shareholders, suggesting a potential decline in disclosure quality. The study also finds a positive relationship between materiality-based...

September 1, 2023

Articles, Pension Management2023, Corporate Governance, ESG, Regulation

25AugAugust 25, 2023

Unbundling Climate Change Risk from ESG

By Jeffrey N. Gordon The divergence between the United States and the European Union over ESG disclosure and compliance policy for asset managers and companies is a striking feature of the corporate governance landscape. This divergence derives at least in part from differences in core features of the relevant political economy. In particular, retirement security in the US is significantly tied to stock market values; this is not so in Europe. The US is a petro-state, the world’s largest producer...

August 25, 2023

Articles, Investment, Pension Management2023, Climate crisis, Corporate Governance, ESG

23JulJuly 23, 2023

Providing security, building sustainable futures

By Pension Protection Fund Our purpose is to protect the future of millions of people throughout the UK who belong to defined benefit (DB) pension schemes - 9.6 million as at 31 march 2022. When these schemes fail we’re ready to help. We do this by paying our members, charging a levy and investing for the long term. Read book “here”

July 23, 2023

Books, Books, Reports, Sustainability2023, Climate crisis, Corporate Governance, ESG, Pension Management, UK

16JunJune 16, 2023

Shareholder ire takes shine off stock rally for Toyota chairman

The biggest rally in three years for Toyota has shown how a well-timed campaign to promote the carmaker’s EV strategy can pay off, but a dip in support for Chairman Akio Toyoda at a shareholders meeting serves as a reminder of the perils of drawing investor ire. A 13% rise in Toyota’s stock added ¥4.4 trillion ($31.4 billion) in market value this week, after the company shared details of how it plans to catch up in the global shift to...

June 16, 2023

NewsCorporate Governance, Investment, Japan

14JunJune 14, 2023

Akio Toyoda reelected Toyota chairman despite pension funds’ governance concerns

Toyota Motor weathered an unprecedented showdown with investors at its annual general meeting on Wednesday as shareholders approved former President Akio Toyoda's nomination to the board and rejected a proposal demanding better disclosure on climate lobbying activities. Proxy advisers, U.S. pension funds and European asset managers criticized the automaker's insufficient corporate governance and environmental efforts, heaping pressure on a fledgling management team already facing intensifying industry competition in electric vehicles. "The new management is able to get to a start thanks...

June 14, 2023

NewsCorporate Governance, Investment

04AprApril 4, 2023

Modern slavery audits in supply chains subpar for investors

Institutional investors have become more aware of the risks of modern slavery in their portfolio companies’ supply chains, but detecting labor issues is an uphill battle as companies chase profits and the industry lacks skills to detect labor issues. In emerging Asia, where the bulk of supply chain companies are located, regulations are not yet at a level where they’re an effective deterrent, sources said. According to the United Nations, modern slavery refers to “situations of exploitation that a person cannot...

April 4, 2023

NewsCorporate Governance, Investment

31MarMarch 31, 2023

ESG and Climate Change: Pension Fund Dos and Don’ts

By Randy Bauslaugh Pension fund administrators have a fiduciary duty to prudently manage financial risks and opportunities when investing plan assets and when managing plan operations that are paid from the pension fund. This includes the financial risks and opportunities associated with climate change and other environmental, social and governance (ESG) issues. But what are the legal dos and don’ts? Plan fiduciaries will always be on solid legal ground if they take ESG information into account for financial purposes – to...

March 31, 2023

Articles, Pension Management, Savings2023, Corporate Governance, ESG, Investment

January 2024

UK. Pension funds to begin TNFD reporting

December 2023

Danish pension fund to sell its Tesla shares over union dispute

September 2023

US. Fox Sued by New York City Pension Funds Over Election Falsehoods

Exploring the Impact of Information Environment on ESG Disclosure Behavior: Evidence from National Pensions and Foreign Investors

August 2023

Unbundling Climate Change Risk from ESG

July 2023

Providing security, building sustainable futures

June 2023

Shareholder ire takes shine off stock rally for Toyota chairman

Akio Toyoda reelected Toyota chairman despite pension funds’ governance concerns

April 2023

Modern slavery audits in supply chains subpar for investors

March 2023

ESG and Climate Change: Pension Fund Dos and Don’ts