Credit Suisse Group AG | Amendment to the articles of association regarding Credit Suisse's climate change strategy and disclosures
How other organisations have declared their voting intentions
Organisation name | Declared voting intentions | Rationale |
---|---|---|
LocalTapiola Asset Management Ltd | For | A vote FOR this proposal is warranted as additional disclosures and reporting on climate-related risks, such as disclosure of additional information on the strategy set to align the financing activities with the Paris agreement as well as the reduction of exposure to coal, oil, and gas assets would further support the company's stated ambitions and would benefit shareholders in assessing its management of related risks. |
Legal & General Investment Management (Holdings) | For | A vote in support of this proposal is warranted as LGIM expects company boards to devise a strategy and 1.5C-aligned pathway in line with the company’s commitments and recent global energy scenarios. In this regard, we note some important shortfalls in Credit Suisse’s current commitments and policies, such as the exclusion of capital markets financing from its net zero trajectory analysis, as well as underdeveloped Scope 3 emissions disclosures and weak sector exclusion policies. |
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