Big investors demand annual vote on companies’ net zero plans | Financial Times

More than 50 large investors are demanding companies publish details of efforts to tackle climate change and give shareholders a vote on their plans, arguing that many businesses making “net zero” commitments for 2050 are doing little to act on them. JPMorgan Asset Management, M&G and 51 other investors, which together manage more than $14tn in assets, have called on companies to disclose a plan to cut their greenhouse gases, make a board director responsible for those actions and allow investors to vote annually on progress on the plan, where it is permissible in local law. The joint statement builds on the work done by billionaire hedge fund investor Chris Hohn, who popularised the concept of a so-called “say on climate” vote last year following a campaign that resulted in airport group Aena becoming the first company in the world to give shareholders an annual vote on its climate change efforts.

Big investors demand annual vote on companies’ net zero plans | Financial Times

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