Shareholder Advocacy on Climate Change Won’t Let Up | Bloomberg BNA

Pressure by pension funds, endowments and other large investors for corporate action on climate change is expected to become even more prevalent this proxy season.

“We can assume we’re not going to see government leadership on climate change” under the next administration, Edward Kamonjoh, former head of U.S. strategic research and analysis at Institutional Shareholder Services Inc., told Bloomberg BNA.

Given President-elect Donald Trump’s skepticism of established climate science, it will be up to shareholders to push companies such as Chevron Corp. and Exxon Mobil Corp. to assess and address business risks from climate change, he said.

Source: Shareholder Advocacy on Climate Change Won’t Let Up | Bloomberg BNA

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