Institutional Investors Don’t Walk the TalkInstitutional Investor authored a piece on the SquareWell report on the top asset managers highlighting the discrepancy between the number of institutions signing onto sustainability agreements and sustainable assets under management. 02 October 2019
Institutional Investor reports on how the PRI signatories are not completely acting on the principles that they signed up to based on SquareWell’s ‘The Playing Field’ study. Though much progress has been made, “green-washing” appears to be a common occurrence within the top 50 asset managers.
With the growth in the importance of ESG, institutions are eager to publicly share their positions on ESG. The article points out that the PRI is not the only game in town with 94% of the top 50 asset managers being signed onto stewardship codes.
The article also underlines new developments in the investor sphere with a new crop of institutions including the California Public Employees’ Retirement System, La Caisse de dépôt et placement du Québec, and PensionDenmark, among others, signing onto a United Nations agreement just over a week ago to transition their investment portfolios to net-zero greenhouse gas emissions by 2050.
You can find the article here.
Activist investors are expected to launch more and bolder campaigns for change among European companies in the year ahead, advisers told Reuters, after a record number in 2023.
AQTION, a subsidiary of SquareWell Partners, published its inaugural study – ‘Stewardship in AQTION’ – which details how the world’s largest 65 asset managers and owners steward their portfolio companies and how they incorporate extra-financial considerations into their investment decision-making processes.
Carl Icahn is preparing for a second board battle at gene-sequencing company Illumina after shareholders elected his candidate, Andrew Teno, to the company’s board and ousted the chairman, John Thompson, in May. Icahn then successfully pushed out former CEO Frances DeSouza in June.