Jan 23, 2022
Major investor will target bosses at firms failing on climate
A major UK investment fund has said it will vote to try to get directors kicked out of firms that fail to make good on environmental pledges. The fund may also vote against executive pay deals if a firm is falling short, and as a last resort could withdraw its investment. Last year 280 firms changed their practices after pressure from Aviva Investors, Mr Baig said. Big investment funds are increasingly leaning on firms to make them change the way they do business. Last week Larry Fink, the chief executive of BlackRock, the world's biggest investment fund, denied that the firm was being "Woke" in calling for stronger climate policies from companies.
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