The board has a pivotal role in steering a company through climate change, with resilience, innovation and long-term value to play for.

Major shareholder Calpers is ‘deeply concerned’, while proxy adviser Glass Lewis advises against reappointment of oil giant’s director.

Regulators have expressed concern about sustainability linked loans and ‘greenwashing’, a recent panel discussion revealed.

We need to ensure that regulations do not inappropriately reduce a board’s ability to take decisions in the best interests of the company.

The fund seeks to push the companies into speeding up their climate transition plans and acting to cut greenhouse gas emissions.

Rather than push for say-on-climate votes, unhappy shareholders tend to simply vote against the reappointment of directors, research finds.