This call to action sends a clear message to the asset management industry that “Serving Asset Owner Clients [is only possible] through Climate Stewardship”.
The call to action references the Alliance’s previous resources on asset management engagement, covering topics of Proxy Voting, Policy Engagement, Engagement Best Practices, and Private Markets. Going a step further, this call to action sets an expectation for asset managers of net-zero committed clients to pursue integrated and tailored climate strategies across all their functions.
Four critical implementation principles, which require leadership buy-in, are highlighted specifically:
- Focus on addressing the systemic risk of climate change;
- Support an improved proxy voting landscape (for public equity);
- Align lobbying activities with stated climate-related commitments; and
- Make climate engagement more systematic and transparent.