Net Zero

Companies will 'abandon' framework if too complex, says investor giant while also flagging 1.5C alignment as barrier to adoption.

KLP, Storebrand, L&G’s asset management division, Robeco and PMT among dissenting investors.

Investors point to continued concerns regarding climate strategy.

Move aimed at supporting local markets and issuers as they adapt to recent developments in the US and globally. 

NZFSPA promises to update on activity in due course.

Comptroller issues clearest warning yet on mandates as he outlines asset manager net-zero plan expectations ahead of June deadline.

Pharma giant says investors raised 'concerns around timing' as it plans to continue to monitor 'controversy around ESG'.

Members also vote through 'renewed focus on sectoral engagement'.

European asset owner and managers cite refusal to offer Say on Climate vote as well as renewables pullback as reasons for opposition.

The latest developments in sustainable finance: SEC blocks refiled freedom of association resolution at Amazon; NZBA vote on strategy expected next week.