Share this contentLONDON: UN envoy Mark Carney backed a push to make companies give investors an annual vote on their climate change strategies, saying on Monday that might prove more effective than"overly prescriptive" regulation.
"This would establish a critical link between responsibility, accountability and sustainability," he added. Shareholders backed Aena's steps, which include ensuring that airports in its network will be energy self-sufficient - largely using solar - and carbon neutral by 2026.Some in the asset management industry say many investment companies have yet to assemble the expertise needed to subject climate plans to meaningful scrutiny.
"Such votes should be automatically required," said Paul Simpson, chief executive of nonprofit climate risk disclosure group CDP.