A Sustainable Investment in Journalism

A sustainable business requires diverse revenue streams. ESG Investor now operates a subscription service as of Tuesday 14th May. To find out more please get in touch with our subscription team on subscriptions@esginvestor.net

AUM in Action

CoEPB Targets National Grid Bosses over Climate Lobbying

The Church of England Pensions Board (CoEPB) has announced its intention to vote against the re-election of National Grid Chair Paula Rosput Reynolds and CEO John Pettigrew at its annual general meeting (AGM). The decision is based on the energy utility’s failure to provide adequate disclosure on its lobbying activities related to climate change. The votes will be cast before the company’s upcoming AGM scheduled for 10 July. The pensions board will also oppose a resolution proposed by National Grid’s management, seeking shareholder support for large political donations of up to £125,000. National Grid, a focus company for Climate Action 100+ (CA100+) for five years, has failed to commit to transparent disclosures regarding its own climate policy positions and those of its industry associations, despite ongoing engagement efforts. It is now one of only two European utilities engaged by CA100+ that has failed to provide the requested disclosure. “For this reason, we are voting against the re-election of the Chair and CEO, who are responsible for providing clear, timely, and transparent disclosure on important issues to the company’s shareholders, said Laura Hillis, Director of Climate and Environment at the CoEPB.

The practical information hub for asset owners looking to invest successfully and sustainably for the long term. As best practice evolves, we will share the news, insights and data to guide asset owners on their individual journey to ESG integration.

Copyright © 2024 ESG Investor Ltd. Company No. 12893343. ESG Investor Ltd, Fox Court, 14 Grays Inn Road, London, WC1X 8HN

To Top