Local authority pension fund managers have urged big companies to give shareholders more of a say on plans to reach net zero.
The Local Authority Pension Fund Forum (LAPFF) - a voluntary association of 87 public sector pension funds and seven pools based in the UK - has co-signed a letter to the chairs of 35 FTSE 350 companies calling for the introduction of shareholder votes on decarbonisation plans.
Chair of LAPFF, Doug McMurdo, said: ‘Climate change is one of the biggest risks facing investors.
'Therefore, it only makes sense that companies provide shareholders with a vote on how they are planning and delivering the transition to a decarbonised economy.'
