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ESG Overload 

Chris Hall

This was followed in 2010 by high level reporting for the Financial Reporting Council’s (FRC) original Stewardship Code. In the UK this coincided with an updating of Stewardship Code reporting requirements and TCFD reporting for pension funds becoming mandatory.”

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An Increasing Sense of Urgency

Chris Hall

According to figures published by The Global Sustainable Investment Alliance in 2021, Japan’s total sustainably invested assets stood at US$42,874 billion in 2020, representing a more than fivefold increase from 2016. These long-held principles of sustainability have filtered down to the world of investment. Mandatory disclosure.

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Voting Policies Offering Asset Owners Closer Scrutiny

Chris Hall

Early in the US AGM season, BlackRock indicated it was less likely to vote in favour of climate-related shareholder resolutions than in 2021, on the grounds that many on this year’s slate were too prescriptive. According to Stewart, BlackRock’s position was not out of step with other managers.