GFANZ alliance members call for greater transparency on voting as they warn that manager stewardship is 'material to mandates'.
Requests around additionality were toned down in the final guidance, which the regulator says is 'in principle compatible' with global guidance.
Aside from changing lending practices, research found little evidence of other climate-aligned outcomes.
Asset managers say the decision to exit was taken after extended engagement efforts.
At the same time, banks were also found to be 'highly exposed' to transition risk.
Fund urges other managers to stay the course, warns firms not to follow Exxon lawsuit example.
It follows a gradual broadening of the UN Guiding Principles to include the financial sector.
Resolution round-up: Biodiversity proposal withdrawn at Kellanova; NYC public pension funds pull green financing ratio proposal at Citi.
Much remains uncertain as the multiple cases against the SEC climate rule wind their way through the justice system.
Australia launches consultation on assurance for climate reporting; Hesta engagement with Woodside fails; Rio Tinto promises more transparency on climate disclosures.