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Let Experts Lead Engagement

Chris Hall

To put this in context, BlackRock’s decarbonisation stewardship track launched with US$150 billion in assets under management, less than 2% of its total AUM. To have both stewardship teams meet with the same issuer, at best, does a disservice to more climate-conscious clients and, at worst, greenwashes the product altogether.

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Investors Face Direct Risk from Climate Litigation

Chris Hall

Direct litigation risks include challenging investors’ mismanagement of climate and biodiversity-related risk, breaches of fiduciary duty, greenwashing, or financing environmental and human rights-related harms.

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Over Half of CEOs Say Sustainability a Higher Priority Now than 12 Months Ago: EY Survey

ESG Today

For example, 73% of CEOs and 67% of investors agree that companies are “greenhushing” in response to fears of being accused of greenwashing, while 74% of CEOs and 67% of investors said that company balance sheets face risks from stranded assets caused by ESG factors, and 74% of CEOs and 73% of investors believe that consumer behaviors are still not (..)

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Investors Face Rising Direct Risk from Climate Litigation

Chris Hall

Direct litigation risks include challenging investors’ mismanagement of climate and biodiversity-related risk, breaches of fiduciary duty, greenwashing, or financing environmental and human rights-related harms.

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Glencore Abandons Coal Demerger at Investors’ Request

Chris Hall

In the statement it referred to metallurgical coal as “carbon steel materials”, drawing accusations of greenwashing. This leaves it heavily exposed to reputational, regulatory and stranded-asset risk, leading many investors to avoid it.

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ICYMI, Governments and Regulators are Making the Running

Chris Hall

Alongside the progress of a bill in California calling for fossil fuel divestment by public-sector pensions, and the SEC’s plans for climate-risk disclosures , this new assault on greenwashing moves US policy closer to its European counterparts, where fund disclosure rules are already reshaping the market.

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Investors Still in the Dark on Climate Risks to Firms’ Finances

Chris Hall

For example, they may request assurance that the company won’t end up with stranded assets.”. Potential evidence of greenwashing. These differences could be evidence of greenwashing.”. In some cases, they have stayed invested and asked companies for more information. How balance sheets could change.