UK pension funds slam Vedanta on ESG issues as share price tanks

Funds say company has been intransigent in the face of corporate engagement.

A group of UK pension funds has slammed Vedanta Resources, the FTSE100-listed metals and mining group, for ignoring shareholder lobbying on ESG issues after the company’s share price slid by 10% last week – wiping £300m off its market capitalisation – following an Indian governme…

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