Several of Ireland’s leading plcs have been reprimanded for failing to adequately address environmental, social and governance (ESG) issues. The UK asset manager – which has an operation here employing 24 people – has in recent years become one of the most outspoken financial institutions on climate change. Fossil fuelsLGIM’s report reveals it voted against the re-election of 4,700 company directors globally in 2020 due to governance concerns. It said climate change was the top engagement topic with companies last year, accounting for over 400 engagements, more than remuneration, diversity or strategy. “Climate change continued to be a central topic of engagement, as despite drastic lockdown measures globally, the world is still a long way from reaching net-zero carbon emissions,” he added.

Source: The Irish Times March 31, 2021 04:52 UTC