NAPF to more aggressively follow shareholder votes on sustainability issues
10. Dezember 2014
|Themengebiet||ESG (inkl. Nachhaltigkeit & Governance)|
The UK’s National Association of Pension Funds (NAPF) says it will scrutinize individual votes at shareholder meetings more closely and more aggressively hold individual board members to account as it intensifies its focus on corporate sustainability.
The body says it will also take a wide view of risk by incorporating reputational hazards stemming from accounting issues, cyber-crime and climate change, and more carefully examine remuneration policies as it overhauls its corporate governance policy and voting guidelines.
The association, which represents more than 1,300 pension plans with 17 mn members and assets of more than £900 bn ($1.4 tn), says the policy changes are meant to switch from a ‘box-ticking’ approach to sustainability guidelines and prompt members and the companies they invest in to consider sustainability on an issue-by-issue basis.
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