Australasian Centre for Corporate Responsibility (ACCR) @accr.bsky.social

“While divestment is one of the many stewardship tools we use as a mechanism for driving change, we see it as a last resort and by no means the last stage of engagement,” said Stephen Beer, LGIM Senior Manager Sustainability and Responsible Investment. www.theglobeandmail.com/business/ind...

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Philippa @notunpackedyet.bsky.social [ View ] Jun 26, 2024 at 23:56 UTC

Stewardship only works if investees are willing to engage. If not, divestment. Good on LGIM for sticking to its policy. Hopefully those coal and coke reserves will be stranded assets long before their wind down dates.

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