LPF has joined an investor initiative led by the Local Authority Pension Fund Forum (LAPFF) and CCLA, to urge the UK's largest listed companies to provide shareholders with a vote on their firms’ climate risk and resilience strategies at least once every three years.
As responsible investors, we seek to address the systemic and financial risks posed by climate change. We expect companies to develop climate strategies to prepare for and build resilience to the impacts of climate change. We encourage the use of shareholder votes as a mechanism to build trust and demonstrate accountability on climate-related risk. Only 10% of FTSE 100 companies (excluding investment trusts) have provided their investors with the opportunity to vote on their climate plans over the last three years.
Read more at the Local Authority Pension Fund Forum.