Investor group calls for shareholder votes on climate strategy
The Investor Forum says greater shareholder influence over climate strategy will increase pressure on boards to meet UK net zero targets.
Image: Arosoft/Shutterstock
Efforts are under way to increase boardroom accountability for climate strategy.
The Investor Forum, a group representing UK institutional investors, has called for a “say on climate”—a non-binding vote that would allow investors to air their opinion on a company’s approach.
In a move designed to put public pressure on boards over the issue of climate strategy, the Forum says a “non-binding shareholder vote would provide a powerful investor signal on the effectiveness of any mandated climate disclosures".
“Such an approach would enable the investment community to take a leadership position in helping ensure that UK compan
Like this article? Sign up to our newsletter to get more articles like this delivered straight to your inbox. For thoughtful journalism, expert insights on corporate governance & an extensive library of reports, guides and tools to help boards & directors navigate the complexities of their roles. Subscribe to Board Agenda Subscribe Here
Related Stories
-
Watchdog worried climate disclosures will lead to ‘checklist mentality’
Financial Reporting Council seeks a "principles-based approach" to climate change disclosure, and worries recent guidance is so big companies will find it "onerous".
-
Covid-19 has taken remote working mainstream. What next?
How organisations cope with the Covid-19 stress test will reveal how ready they are for the future of work.
-
Boards under media influence
Media coverage has a broad agenda-setting effect which should never be underestimated. Directors need to carefully manage their reactions to what they read.
