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Support for HSBC chair slips after 'climate backsliding'

HSBC must take action to halt "further climate backsliding" if it is to rebuild confidence with sustainability-focused investors, after some investors withdrew support for some board members at the bank's AGM.

'Stewarding AI firms will be very hard', warns pension fund

Sustainable investors will have a role to play in ensuring that the wave of AI companies expected to list on public markets in coming months have governance structures that give investors a voice, a conference heard.

Church of England pensions to support climate resolution at Volvo

The Church of England Pensions Board will support a resolution at Volvo Group to publish an annual review of its climate-related policy engagement.

Church of England pensions to vote against banks for climate backtracking

The Church of England Pensions Board plans to vote against directors at Santander, NatWest and HSBC, as it looks to take action against banks that have "materially backtracked" on their climate commitments.

People Moves, 17 October: Church of England Pensions Board; Osmosis; Van Lanschot Kempen Investment Management ... and more

COP16: $2.5trn investor group urges governments to step up on biodiversity

Investors representing $2.5 trillion assets under management have urged governments to take more ambitious action on biodiversity at COP16, including introducing mandatory nature disclosures.

Fair Reward Framework launches exec pay tool

Asset owner-led Fair Reward Framework has launched a tool that will help investors assess whether FTSE 100 executive pay is 'fair and proportionate'.

Shortage of EM investment opportunities obstructing decarbonisation, pension fund says

The Church of England Pensions Board surveyed potential investment opportunities to contribute to "real world decarbonisation" in emerging markets - but came up short of ideas, it has said.

Listing rules change will raise cost of capital for UK business, asset owners warn

Investors to challenge sovereign SLB issuers using ASCOR, investor says

Investors plan to use a tool for assessing countries' climate progress to challenge issuers of sustainability-linked bonds (SLBs) on the strength of their targets, an investor has said.