Tag: ShareAction

State Street will in the coming year “launch a targeted engagement campaign with the most significant emitters in our portfolio” to encourage disclosure aligned with its expectations for climate transition plans, the investment giant said in an annual letter to companies. It added it will in 2023 hold companies and directors accountable for failing to meet these expectations. The letter added the investor expects portfolio companies in the US, Canada, UK, Europe and Australia disclose in line with the TCFD, highlighting that one-third of companies in the S&P 500 do not do so. On diversity, State Street said that from 2023 it will expect companies in major indices in the US, Canada, Europe and Australia to have at least 30% women directors and will expect all portfolio companies worldwide to have at least one woman on their boards, expanding a policy previously focused on developed markets.  

Half of FTSE 100 companies disclosed data in 2…