German fund manager Allianz Global Investors is pushing every company it invests...
LONDON - German fund manager Allianz Global Investors is pushing every company it invests in to improve their climate-related disclosures ahead of the season for annual shareholder meetings.
Specifically, it wants every company to use the Taskforce for Climate-related Financial Disclosures framework for assessing the impact of climate risk on their business, an initiative kick-started by the Financial Stability Board. British lender Barclays last month became the first European bank to face the prospect of such a vote, in an action coordinated by responsible investment lobby group ShareAction, although pressure is building on peers globally.
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