Asset managers failing to put pressure on fossil-fuel lobbying - reports

Failure to back lobbying disclosure resolutions

The world’s largest asset managers are failing to support measures to ensure transparency in the lobbying efforts of fossil fuel intensive companies they invest in.

Vanguard, JPMorgan Asset Management, Capital Group, Northern Trust and Amundi Pioneer declined to vote for any lobbying disclosure resolutions at US energy, utility and automotive companies during the US proxy season, according to the FT. Meanwhile, data from non-profit group Majority Action shows that BlackRock and Goldman Sachs Asset Management voted for just one resolution. Square Mile unveils two initiatives to assess asset managers' ESG and sustainability credentials Failure to back these lobbying disclosure resolutions, which force firms to divulge payments made to lobbying grou...