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As climate adaptation moves up the investment agenda, this article argues that investors may be overlooking one of the most important determinants of long-term resilience: the physical design of the landscapes on which businesses depend.

Drawing on a simple observation during France's recent extreme heat, it explores how diverse, water-retaining landscapes can remain significantly cooler than simplified agricultural and forestry systems, and why this matters for productivity, drought, wildfire risk and long-term asset performance.

Calvert Research & Management argues that the global energy transition has entered a more complex, demand-driven phase — 'Energy Transition 2.0' — shaped by rapidly rising electricity demand, shifting geopolitics, infrastructure constraints and uneven policy environments.

Authors Tarek Soliman and Jonathan Pragel identify companies with durable positions across the evolving energy system and present an investment framework for navigating the new terrain. The paper is available as a downloadable PDF.

Climate Bonds Initiative's Q1 2026 Sustainable Debt Global State of the Market finds that aligned GSS+ debt instruments totalled USD230.3bn for the quarter — a 9% decline from Q1 2025 on a like-for-like basis. Cumulative aligned volume has reached USD6,986bn, just short of the USD7 trillion landmark.

Green bonds retained their dominant position, accounting for 62% of cumulative aligned supply (USD4.3tn), with social and sustainability labels each contributing USD1.3tn.

Carbon Tracker's 'Oil Companies in Disguise' finds that several major automakers may carry carbon intensity comparable to oil and gas companies, due to systematic gaps in Scope 3 emissions reporting.

The research analyses transition risk and investor exposure across the automotive sector, finding that current disclosure practices obscure the true carbon footprint embedded in vehicle manufacturing. The findings have material implications for investors assessing portfolio alignment with net-zero targets. 

Impax Asset Management's ninth annual Stewardship and Advocacy Report fully integrates its response to the updated UK Stewardship Code, covering the firm's active ownership activities — engagement outcomes and voting decisions — over the past year. Authors include Lisa Beauvilain, Chris Dodwell, Heather Smith and Robyn Lockyer. 

Man Group's 'A Sustainable Future' responsible investment podcast features Professor Nicola Ranger of the London School of Economics, who explains why adaptation finance is significantly underdeveloped relative to climate mitigation and identifies the key blind spots that impede progress. The episode, hosted by Jason Mitchell, covers how investors can begin to close the gap — a timely contribution as physical climate risk grows in portfolio significance.

Calvert Research & Management has published its ninth annual Barron's Most Sustainable U.S. Companies ranking, evaluating the 1,000 largest publicly traded U.S. companies across more than 230 key performance indicators.

The methodology draws on Calvert's proprietary ESG research framework, with financial materiality as the central lens. The result is a benchmark for assessing sustainability leadership among large-cap U.S. equities, published in partnership with Barron's magazine.

Baillie Gifford Investment Insight piece arguing that the ESG terminology, as it has come to be used, has outlived its analytical usefulness and needs a rethink — not because the underlying environmental, social and governance considerations have lost relevance, but because the label itself now obscures rather than clarifies long-term investment risk.

Contents

• Why "ESG" as a single composite label is becoming an obstacle to analysis
• Separating the genuine long-term financial drivers from the marketing overlay
• What Baillie Gifford's research process retains from the ESG era and what it sets aside

[Selected by Mike (54) | Summarised by Opus 4.7 | Human-directed; AI-powered]

AIGCC's Asian Utilities Engagement Program (AUEP) 2026 update on the progress and gaps observed across the cohort of Asian listed power utilities subject to investor engagement on capital allocation and emissions reduction strategy.

Focal points

• Progress: more AUEP-covered utilities now disclose emissions data, interim climate targets, and net-zero ambitions — disclosure infrastructure has materially improved over the engagement period.
• Gap: capital allocation has not kept pace. Stated transition ambition is not consistently reflected in capex flows, plant-level retirement schedules, or grid investment patterns. AIGCC's headline conclusion is that "energy companies need to do more" on the link between ambition and execution.
• Investor engagement priorities for the next cycle focus on plant-level capex transparency, coal phase-out timelines aligned with national NDC pathways, and governance evidence that boards are accountable for execution against targets.

Contents

... AUEP 2026 report on Asian listed power utilities ...

• AUEP cohort and engagement methodology
• Progress assessment against AUEP's engagement framework
• Gaps in capex alignment, transition plan credibility, and physical-risk integration
• Investor engagement priorities and escalation indicators
• Implications for sectoral capital allocation

[Selected by Mike (54) | Summarised by Opus 4.7 | Human-directed; AI-powered]

WBA analyses the sustainability performance of 49 Canadian-headquartered companies (27 companies, 22 financial institutions) across 18 industries, looking at impacts on both people and planet. The headline inconsistency: Canadian companies and financial institutions are global leaders in disclosure and governance — with particular strengths in low-carbon financing, water management and collective-bargaining transparency — but lag in turning commitments into action.

A companion press release notes Canadian financial institutions are three times more likely than global peers to invest in climate solutions.

[Selected by Mike (54) | Summarised by Fable 5 | Human-directed; AI-powered]

WBA's 2026 Ocean Benchmark assesses 80 of the most influential ocean-economy companies — across seafood, maritime transport, offshore wind, cruise tourism, shipbuilding and ports — on climate, nature and human rights. Findings are sobering: while more than half of companies have GHG-reduction targets, only 7% report actual progress on reducing emissions (Thai Union and Orsted are the only two with 1.5°C-aligned targets); just 12/80 assess their impact drivers on nature and only 5/80 have assessed nature-related risks; and only 8/80 demonstrate having assessed human rights risks and impacts.

Mowi, Orsted, Thai Union and Vattenfall stand out for integrated thinking across climate and nature transition plans — a precursor to WBA's Integrated Transition Assessment framework arriving in 2027.

[Selected by Mike (54) | Summarised by Fable 5 | Human-directed; AI-powered]

Ceres' new report gives investors a practical framework for evaluating companies' participation in landscape initiatives — multi-stakeholder, place-based programmes that tackle nature and supply-chain risk across agricultural and forestry sourcing regions.

As individual corporate due-diligence has proved insufficient to contain systemic deforestation risk, landscape initiatives bring together companies, NGOs, governments, and local partners across geographies averaging 127,000 hectares.

The report explains when landscape approaches are most relevant, provides investor engagement questions to probe the materiality and credibility of participation, and features worked examples from Mondelēz International (Asunafo-Asutifi cocoa landscape, Ghana) and Nestlé (Southern Central Forest Spine palm oil landscape, Malaysia — 75% reduction in forest loss since 2020).

[Selected by Mike (54) | Summarised by Sonnet 4.6 | Human-directed; AI-powered]

Sustainalytics argues that capex allocation — not net zero targets or climate disclosures — is the most reliable signal of corporate transition credibility. The report links corporate capital expenditure decisions directly to real-world climate outcomes, examines where the visibility gap beyond 2030 is leaving concentrated risk underpriced, and provides a framework for distinguishing companies genuinely on a credible transition pathway from those that only appear to be. Essential for investors stress-testing the transition credentials of portfolio companies.

[Selected by Mike (54) | Summarised by Sonnet 4.6 | Human-directed; AI-powered]

Sustainalytics' 2026 Leader Badges report tracks which companies earn global, industry, and regional ESG leadership awards each year, drawing on several years of accumulated data to reveal how ESG risk leadership is evolving across markets.

The report covers the screening criteria for badge awards, which subindustries and companies consistently dominate the global list, which regions saw the largest influx of new leaders in 2026, and the structural factors that influence who earns recognition. Useful for investors benchmarking ESG risk management quality across sectors and geographies.

[Selected by Mike (54) | Summarised by Sonnet 4.6 | Human-directed; AI-powered]

The Inevitable Policy Response and Theia Finance Labs, in partnership with Climate Proof, have surveyed 86 industry professionals on their expectations for the social and political response to rising physical climate risk over the next decade.

Key findings: 55% expect reactive disaster relief from governments rather than proactive adaptation; near-consensus (97%) that climate, social, and nature tipping points should all feature in physical risk assessments; over 90% expect private insurance to retreat from high-risk regions through selective or large-scale withdrawal; and firms are widely expected to respond through geographic diversification and partial reshoring, with technology and financial products as the leading adaptation tool (72%).

The survey fills a gap in physical risk frameworks — calibrating the social and political response dimension that current scenario analysis largely omits.

[Selected by Mike (54) | Summarised by Sonnet 4.6 | Human-directed; AI-powered]

Riding the AI infrastructure boom has proven more challenging than expected for Fermi America and may offer a parable for other AI-adjacent players. Fermi’s stock is down approximately 60% since its IPO last October as its anchor tenant failed to materialize for its planned massive data center and private grid.

The AI infrastructure buildout is one of the most powerful investment themes currently. Data centers require enormous, reliable power, and the public grid cannot deliver it on AI timelines. Fermi America assembled permits, land, pipeline rights, turbine equipment, and nearly $1 billion in financing with impressive speed to capture this opportunity. The team that has taken over may yet prove the thesis right, but the stock’s trajectory from $21 to under $9 underscores the challenge. And as Oracle’s shareholders learned again this week, even the market narrative has limits.

The company’s founder and CEO, Toby Neugebauer, was terminated for cause in April. Now he is soliciting shareholders to call a special meeting, expand the board by seven seats, and install a new director slate with a mandate to pursue an immediate sale of the company he built.

As in many proxy fights, there is a tension between management’s long-term strategy succeeding and an activist’s push for quick, short-term returns. Running the contest materials through Canbury’s ProxyPro platform using different investor personas, the director skill sets tell a divided story: Fermi’s current board is well-configured to build, permit, and operate a massive power infrastructure campus; the seven nominees Neugebauer has assembled are financial and governance specialists more naturally suited to orchestrating a sale.

Across the U.S., the need for housing, infrastructure, small business financing, and climate resilience in rural and underserved communities is accelerating.

Community lender investments in these areas can generate returns and help reduce risks from extreme weather, such as droughts, fires, and floods.

Yet institutional investors often perceive community lender investments as unable to deliver competitive risk-adjusted returns, citing barriers such as scale, liquidity, and risk perception.

This report from Ceres and the Justice Climate Fund reveals how private capital can be more effectively mobilized to close this gap.

Drawing on insights from more than 40 institutional investors, community lenders, and industry experts, the report outlines four key strategies to unlock greater private investment:

1. Traditional Financing Tools
2. Innovative Financing Models
3. First-Loss or Low-Cost Capital Strategies
4. Outside-the-Box Collaborations

[Selected by Mike (54) | Summarised by Fable 5 | Human-directed; AI-powered]

The latest Carbon Performance data for the world’s largest paper companies are now available on the TPI tool. This update covers 34 paper companies [1].  Together, these companies represent a combined market capitalisation of over $87 billion as of June 2026 [2].

According to the International Energy Agency, paper and pulp production accounted for just under 2% of total industrial emissions. Achieving net-zero scenarios requires the paper sector to accelerate reductions beyond past rates to remain on track, as demand for paper and paperboard products is projected to rise by 2050. For a deeper dive into the emerging trends from the paper sector, please see Sections 3.3 and 4 of our State of the Corporate Transition 2025 report. 

The TPI Global Climate Transition Centre (TPI Centre) methodology assesses historical and projected greenhouse gas (GHG) emissions, comparing them against sector-specific benchmarks to evaluate their alignment with the goals of the Paris Agreement.

• Explore the results of relevant companies now on the TPI tool.
• Read the TPI Centre’s Cement methodology note. 

The TPI Centre is the academic partner of the Transition Pathway Initiative (TPI), a global investor-led initiative supported by over 155 asset owners and asset managers. Based at the London School of Economics and Political Science, it is an independent and authoritative source of research and data on the progress being made by corporate and sovereign entities in the transition to a low-carbon economy.

[1] These assessments cover TPI companies outside the Climate Action 100+ (CA100+) universe, allowing earlier publication of results. This ensures investors have up-to-date data well ahead of the typical Q3 publication of CA100+ company assessments.
[2] Market capitalisation coverage is calculated for the companies for which this sector represents their primary activity. The calculation can change due to fluctuating corporate valuations, the size of the company universe assessed, or due to company sectoral reclassifications.

Oil and gas companies set to increase production and ignore climate commitments, study finds

• Low-carbon fuels and renewable electricity generation are the most pursued transition routes for oil and gas sector. 
• 0% of assessed companies have diversification plans at the scale required to reach net zero emissions by 2050. 

Major oil and gas corporations are planning to "increase their upstream oil and gas production" according to new research published today (17 June 2026) by the TPI Global Climate Transition Centre (TPI Centre) at the London School of Economics and Political Science (LSE).

The report analyses 22 leading global companies in two sectors critical to the low-carbon transition: 16 in oil and gas and six in diversified mining. These companies have a combined market capitalisation of over $2.8 trillion as of March 2026 and represent some of the world's largest extractive and key polluting companies.

Total oil and gas production across the 11 companies that disclose production guidance is set to reach 26.16 million barrels of oil-equivalent per day by 2030, representing a 14% increase from the 2024 level of 22.90 million barrels of oil-equivalent per day. This planned growth stands in contrast to the production decreases required to limit the rise in global average temperature in a 1.5°C or Below 2°C scenarios. It even exceeds the 5.9% global oil and gas demand increase projected for 2024-2030 under the Current Policies Scenario modelled by the International Energy Agency World Energy Outlook 2025, which is consistent with a 2.9°C global mean temperature rise by 2100.

The Transition Planning 2026: Decarbonisation strategies in oil and gas, and diversified mining report applies the TPI Centre's Net Zero Strategies (NZS) assessment frameworks to evaluate how companies plan to deliver emissions reductions, and assess the robustness of their transition plans. The NZS assessment data and methodologies can be used to better understand companies' transition plans in hard-to-abate sectors.

For the oil and gas sector, operational emissions reduction targets are widespread, including more advanced methane management practices, although detailed decarbonisation plans remain limited. Many of the assessed companies have committed to the highest standard of methane measurement and reporting under the Oil and Gas Methane Partnership and have pledged to end routine flaring by 2030. However, operational emissions targets, including methane targets, are rarely supported by detailed implementation strategies specifying the actions, technologies and interim milestones, indicating that implementation plans still lag behind stated ambition.

Despite diversification plans into low-carbon business models, none of the assessed oil and gas companies are planning a shift of sufficient scale to align with any low-carbon scenario. The authors state that even for the best performing company, “maximum calculated share of low-carbon energy in total energy production reaches only 5% by 2030, which, together with the fact that most companies are planning to increase their fossil fuel production, suggests that emissions reduction targets are not being backed by credible transition plans.”  

The authors also confirm that “the diversified mining assessments reveal substantial variation across commodities and business models.” While some companies retain exposure to coal mining, others have divested or are planning to exit. Approaches to addressing downstream processing emissions from iron ore and bauxite also vary significantly.

Mining companies show limited plans to scale key transition materials, with only two of six companies planning production increases for copper, and one having completed the acquisition of a lithium mining company in 2025. No expansion plans have been disclosed for other critical minerals beyond copper, including lithium, despite the significant growth in supply needed to support the low-carbon transition.

Seyed Alireza Modirzadeh, Project Lead, TPI Centre at LSE, said:

“Our findings show that major oil and gas companies are planning to increase production faster than demand, while making only limited progress towards a low-carbon business model.

“This short-sighted approach significantly increases their exposure to stranded asset risk, as the window to an orderly low-carbon transition narrows.”

David Russell, Chair, Transition Pathway Initiative Ltd., said:

"As the urgency of the low-carbon transition grows, investors need robust, independent evidence to distinguish credible transition strategies from empty commitments. 

“This new research from the TPI Centre on oil and gas and diversified mining companies is exactly the kind of rigorous analysis that investors need to engage effectively with the companies that are both most exposed to transition risk and essential to ensuring the transition happens."

-ENDS- 

Notes to editors     

• The TPI Global Climate Transition Centre (TPI Centre) is an independent source of research and data on the progress of corporate and sovereign entities in transitioning to a low-carbon economy. It is part of the Global School of Sustainability at the London School of Economics and Political Science (LSE).    
• The TPI Centre is the academic partner of the Transition Pathway Initiative (TPI), a global initiative led by asset owners and supported by asset managers, aimed at helping investors assess companies’ preparedness for the transition to a low-carbon economy. More than 155 investors globally, representing approximately US$92 trillion combined Assets Under Management and Advice, have pledged support for TPI [1].
• The TPI Centre is also the academic research expert of Assessing Sovereign Climate-related Opportunities and Risks (ASCOR).
  The report published today extends the analysis of the TPI Centre’s flagship trilogy: State of the Corporate Transition 2025, State of the Banking Transition 2025 and State of the Sovereign Transition 2025.
• For more information, please visit https://www.transitionpathwayinitiative.org.  
   

[1] This figure is subject to market-price and foreign-exchange fluctuations and, as the sum of self-reported data by TPI supporters, may double-count some assets.  

 
Related event: “Net Zero Strategies: From commitments to accountability in the real economy”

• Date: Tuesday 23 June 2026
• Time: 18.30 – 20.00 British Summer Time
• Venue: Malaysia Auditorium, Centre Building at LSE, WC2A 2AE
• How to attend:
  To attend in person, register here.
  To attend online, register here.

Report focus

Zevin Asset Management's 2026 Impact Report documents the firm's shareholder advocacy, proxy voting, and public policy action over 2024–2025. The report frames responsible investing not as a preference but as a discipline — tested by anti-ESG legislation across dozens of states, SEC rollbacks on climate disclosure rules and shareholder proposal rights, and an administration effort to redefine fiduciary duty as a mandate for short-termism. ZAM, a 100% employee-owned, majority women-led, certified B Corporation®, holds that durable investment returns depend on the health of the underlying system: how companies treat workers, manage risk, govern themselves, and respect communities and the environment.

Sustainability issues in focus

• Governance & accountability — corporate lobbying (direct, indirect, and through trade associations); alignment between stated sustainability commitments and political spending; shareholder rights under Delaware SB21 and new SEC no-action rules
• Worker rights & economic justice — living wages, noncompete agreements, freedom of association; immigration enforcement and its cascading labour-market impacts
• Technology & human rights — AI due diligence, data privacy governance, cloud services deployed in conflict zones and surveillance contexts
• Climate & place-based impacts — science-based targets, data centre energy and water footprints, EPA Endangerment Finding reversal

Engagement highlights

... features ... Unilever, Danaher, AbbVie, Apple, Digital Realty Trust, Analog Devices, Home Depot, Amazon and Alphabet

Other highlights

... features ... Proxy voting, Portfolio carbon intensity, Diverse ownership, FTC noncompete ban, Public policy

Report parameters

• Publication date: June 2026
• Period covered: 2024–2025

[Selected by Mike (54) | Summarised by Claude Sonnet 4.6 | Human-directed; AI-powered]

Report focus

Standard Life plc's Stewardship Report 2025 — published by the entity formerly known as Phoenix Group Holdings plc — sets out the firm's stewardship activities as a £317 billion AUA insurer and pension provider for 12 million customers across the UK, Ireland and Germany. Aligned to the updated 2026 UK Stewardship Code (a UK Stewardship Code signatory since 2022), the report covers both Standard Life's in-house stewardship and activities carried out on its behalf by 13 asset management partners ('AMPs'). Its four ESG priority themes are climate change, nature, human rights, and UNGC controversies.

Sustainability issues in focus

• Climate change — Climate Aligned index series adopted for default equity and credit portfolios, embedding annual decarbonisation pathways; 63% of tailored climate objectives partially or fully met (up from 57% in 2024 and 38% in 2023)
• Nature — TNFD LEAP framework applied to assess tropical deforestation and water scarcity risks; Nature Action 100 engagement; early improvements in disclosures noted
• Human rights — portfolio-wide assessment identified 157 companies for focused engagement; PRI Advance collaborative initiative participation with six focus companies
• UNGC controversies — focused engagement with six companies; objectives tracked twice yearly; third-party engagement provider used where needed
• Corporate governance — directed votes deployed at selected companies for the first time in 2025, specifically within Sustainability Improvers™ labelled equity funds; voting alignment assessed across six AMPs covering 300 companies

Engagement highlights

• Climate engagement — 158 engagements completed across 25 focus companies, accounting for 40% of financed emissions in high-emitting sectors; 63% of tailored climate objectives partially or fully met, improving year-on-year for the third consecutive year.
• AMPs climate engagement — 2,249 companies engaged on climate by AMPs through 3,300 meetings, covering an additional 43% of financed emissions in high-emitting sectors (up from 38% in 2023).
• Private credit — £1.3bn originated in sustainable, transition, and productive shareholder private credit assets in 2025, accounting for 67% of total private credit origination; in-house shareholder credit ESG integration advanced.
• Fund labelling — FCA Sustainability Improvers™ label secured for eight core funds with £41bn in assets; updated reporting, educational materials, and improved ESG disclosures produced for customers.
• Human rights — second year of PRI Advance engagement; 74% of human rights engagement objectives met or partially met (up from 63% in 2024); strongest progress in human rights policies and strategies, and due diligence approaches.
• UNGC controversies — 73% of engagement objectives achieved or partially achieved (up from 54% in 2024); will review target list twice yearly.
• AMP oversight — three-year review of 13 priority managers (96% of AUM under investment management agreements) showed sustained progress; 49% of AMP engagement meetings now linked to explicit engagement objectives (up from 29% in 2024); managers conducted 6,400 meetings with over 3,100 companies in 2025 (13% increase).

Other highlights

• Private markets engagement: 42 delegated engagements recorded for the first time in 2025; 42% had formal objectives; 83% showed progress.
• Customer insight: 73% of Standard Life customers expect their pension provider to take responsible investment decisions on their behalf; 60% are personally taking steps to live more sustainably despite cost-of-living pressures.
• Real-world emissions trend: small rise in emissions intensity across the portfolio cohort (2022–24) but a decline in absolute emissions; companies have advanced on capital allocation and transition disclosures, though Scope 3 targets and sector-specific transition plans remain less developed.
• Voting: most frequent areas of voting misalignment with AMPs are climate-related proposals, director elections, and executive remuneration; improved alignment with two managers, divergence widened with two others.

Report parameters

• Publication date: 2026
• Period covered: Year ended 31 December 2025

[Selected by Mike (54) | Summarised by Claude Sonnet 4.6 | Human-directed; AI-powered]

A conversation with the analyst.. here

Net zero commitments are proliferating, but are strategies being funded?

This report examines what capital flows actually reveal about transition credibility, linking corporate capex decisions directly to real-world climate outcomes

Published: April 2026

Summary: Covers engagement outcomes, voting records, collaborative initiatives and sustainability integration across public market portfolios.

... includes

• The governance of sustainability
• Participation in national and international initiatives
• Stewardship activity in 2025 - Snapshot
• The exercise of voting rights
• Climate Change
• Biodiversity
• Human rights and social issues
• Governance
• Insight: Against or Abstain votes
• Engagement activity
• Case studies on Climate Change and Biodiversity
• Case studies on Human Rights and Governance

... and more ...

Santander Asset Management has published its Santander Prosperity Annual Report containing details on the points summarised below:

Key data

• Publication date: 2026 (data as at 31 December 2025; no specific publication date stated in the document)
• Report type: Fund-level ESG
• Scope: Single fund
• Fundamental focus: Thematic review

Contents and focal points

Portfolio positioning of the Santander Prosperity fund across its three investment megatrends (Health & Well-Being; Food & Nutrition; Education & Financial Inclusion), with sector, currency and market-cap breakdowns.

Specifics

• Sustainability themes: Health & well-being; obesity and chronic disease; food security and sustainable agriculture; education access; financial inclusion; HIV/AIDS prevention; SDGs 1, 3, 4, 5, 8, 10
• Sectors of focus: Healthcare (22%); Consumer Staples (17%); Technology (12%); Financials (12%)
• Companies featured (include): Novo Nordisk; Danone; Stride

Differentiators

The fund donates 15% of its management fee to the Global Fund via a formal partnership with (RED), directing proceeds to HIV programs in Guatemala and Colombia. This embedded charitable-giving mechanism — built into the fee structure rather than applied separately — is unusual among thematic equity funds and gives the report a concrete social-impact accountability dimension beyond standard ESG reporting.

CaixaBank Asset Management has published its Dialogue and Voting Report 2025 containing details on the points summarised below:

Key data

• Publication date: April 2026
• Report type: Engagement
• Scope: Whole-of-operations
• Fundamental focus: Engagement & stewardship

Contents and focal points

• Voting activity across 1,246 AGMs (94.97% participation rate), covering 15,924 agenda items and 508 shareholders' proposals in 43 countries
• Dialogue activity comprising 302 total actions, of which 212 addressed material ESG topics (covering 56.14% of the portfolio) and 109 addressed breaches of international treaties (12.51% of the portfolio)
• The 2025–2027 Engagement Plan, setting out CaixaBank AM's strategic priorities for the three-year engagement cycle and its participation in three collaborative stewardship initiatives

Specifics

• Sustainability themes: Climate change; nature and biodiversity; human rights and social issues; material ESG risk management; breaches of international treaties
• Sectors of focus: Not specified by sector in the sections reviewed
• Companies featured (include): None identified as named case studies

Differentiators

CaixaBank AM participates in all three of the major current collaborative engagement platforms — Climate Action 100+, Spring and Advance.

Published: March 2026

Summary: Details on carbon capture, cement decarbonisation and sustainable building materials.

ESG docs here

Published: March 2026

Summary: Holcim's integrated report covers decarbonisation of cement and concrete, circular construction materials, low-carbon product revenues and climate transition initiatives.

Published: February–March 2026 reporting cycle

Summary: Covers operational decarbonisation, sustainable infrastructure, lower-carbon cement products and circular materials.

Published: March 2026

Summary: Focus on sustainable construction, energy-efficient buildings, insulation products and circularity initiatives.

The first comprehensive public ESG analysis of Space Exploration Technologies Corp.

We celebrate visionaries. We lionize disruptors. We invest billions in companies that promise to reshape our future. But what happens when extraordinary technical achievement exists alongside systematic failures in accountability, transparency, and governance?

SpaceX—valued at $750 billion, holding over $15 billion in government contracts, launching more rockets than any nation on Earth—operates in near-total ESG darkness. No sustainability report. No diversity data. No independent board. No financial disclosure. No climate strategy. No stakeholder engagement.

This is not an oversight. It is a choice.

After months of research drawing on regulatory filings, investigative journalism, legal proceedings, OSHA records, FAA violations, NLRB rulings, and employee testimony, I present the first comprehensive public ESG analysis of SpaceX.

The findings are dark.

Environmental Score: D Social Score: D- Governance Score: F Overall ESG Rating: F (0.6/5.0)

Key messages

• Switzerland stands out positively in terms of asset growth
• Financial industry remains committed in action more than in words
• Asset owners lead by commitment, especially on real estate
• Artificial intelligence is reshaping sustainable finance
• Nature-related investment opportunities are taking shape
• Extreme weather events are most material nature-related risk

The chemicals sector is the largest industrial consumer of fossil fuels and one of the world’s largest manufacturing industries by market capitalisation. 

This combination of broad economic influence and high emissions exposes the sector to transition risk and makes it a priority for credible decarbonisation pathways.

We are proud to launch our new Carbon Performance assessment for chemical producers, our 13th sectoral methodology, and one of the most complex we've tackled yet.

We've assessed 23 companies with a combined market cap of $1.02 trillion, comparing their historical and projected emissions against Paris Agreement-aligned benchmarks.

Given the sector's extraordinary heterogeneity, from petrochemicals to specialty materials, developing a credible, like-for-like framework was no small feat. Here's what we found, and how we got there. 

• Explore company results
• Read the methodology note

Early 2026 Marks Another Step Towards an ISSB Baseline, with Uneven Implementation

• ESG regulation broadened in early 2026 beyond corporate disclosure into fund labelling and taxonomies.
• Sustainability reporting is increasingly coalescing around an ISSB baseline, though adoption timelines and requirements still differ materially by market.
• Climate disclosures are being implemented first, while Scope 3 treatment, assurance standards and ISSB-EU alignment continue to constrain cross-border comparability.

... includes ...

• Regulatory Focus Is Broadening Beyond Corporate Disclosure
• ISSB Convergence Is Advancing, but Comparability Remains Limited
• Notable ESG Regulatory Developments – 1 January to 15 May 2026
• Global ESG Reporting Converges Around ISSB, with Uneven Implementation Paths
• Europe Remains Shaped by the EU's Separate Reporting Framework
• Upcoming ESG Regulations to Monitor

Following more than a year of intensive work, the FIR is publishing the first version of the VOICE method (Valuation of Influence in Corporate Engagement), a method for assessing the effectiveness and influence of shareholder and bondholder engagement.

This new VOICE method lays the solid foundations for a reference framework aimed at promoting a better understanding of engagement practices and to highlight high-quality engagements that have a real and lasting influence on companies. 

The method is structured around four tools designed to: 

• clarify the accounting of ESG engagements  
• assess the likelihood of engagement’s influence according to a proposed five-level scale
• report on ESG engagement practices 
• identify and mobilise the necessary resources

Published: 2026

Summary: Covers engagement, voting, investment solutions and responsible investment implementation, with a particular focus on stewardship outcomes and long-term investor dialogue.

Companies featured as case studies

• American Water Works
• China Construction Bank
• Ecolab
• GFL Environmental, Inc.
• Haier Smart Home Co. Ltd
• Lindt & Sprungli
• Mankind Pharma Ltd
• Roche
• Toyota Motor Corp
• Taiwan Semiconductor Manufacturing

Published: 2026 reporting cycle

Summary: Covers proxy voting, company engagement, climate stewardship, governance priorities and escalation activities. Includes detailed engagement statistics and case studies across global holdings.

... includes ...

During 2025, our engagement activities focused on three areas:

• Climate change and nature-related risks, including climate-related governance and disclosure, greenhouse gas reduction targets and transition planning, as well as biodiversity, deforestation, water management and resource use.
• Corporate governance, covering board composition and independence, succession planning, executive remuneration, audit quality and shareholder rights.
• Human rights and social matters, such as labour standards, health and safety, supply chain management, data protection, cyber security and ethical business practices.

Published: 11 February 2026

Summary: Includes dedicated sustainability statements covering talent development, fair labour markets, employee wellbeing, governance and environmental performance. Also complemented by Randstad's Local Sustainability Initiatives Report focused on workforce inclusion and the green transition.

Published: 12–13 March 2026

Summary: Integrated reporting from the global education and learning company. Sustainability disclosures are linked directly to workforce skills, lifelong learning, AI-enabled education, employee development and social impact. Pearson also publishes additional sustainability disclosures, climate reporting and assurance documentation alongside the annual report.

Published: 10 March 2026

Summary: Focus on employability, workforce skills, diversity, sustainable employability and social value creation, supported by dedicated non-financial reporting disclosures and sustainability methodologies.

Published: Spring 2026 reporting cycle

Summary: Focuses on climate advisory, environmental services, sustainable infrastructure and the firm's own operational footprint. Particularly useful given WSP's position as a major sustainability services provider.

Published: April 2026

Summary: Covers workforce development, diversity, employee wellbeing, human capital outcomes and the firm's role in supporting green and sustainability-related employment markets. The report also discusses sustainability governance and operational emissions.

With the SEC no longer vetting shareholder proposals, companies have started self-certifying their own exclusions. As shareholders push back and turn to litigation, this proxy season may prove to be a defining one for shareholder rights.  

When conflict disrupted gas exports through the Strait of Hormuz earlier this year, attention focused on gas prices and shipping lanes. But the shock travelled further — quietly rippling through fertilizer markets, where some producers were hit far harder than others, revealing how location-based risk can emerge deep within a supply chain.

In the wake of war in Ukraine and now in response to war in Iran, the fossil fuel industry has deployed a playbook of misleading narratives that push fossil fuels as the key to global energy security and affordability.

InfluenceMap’s research indicates that this strategy is more than just an opportunistic reaction to a global energy crisis.

In 2021, the fossil fuel industry predicted such a “black swan event upending the global political agenda” in the first half of the decade, and for years, it has acknowledged the likelihood and implications of the geopolitical and economic instability that might accompany a delayed global energy transition.

While the industry's strategy succeeded post-Ukraine, leading to new investments in fossil fuels, world leaders are beginning to recognize that fossil fuel reliance leaves countries vulnerable to future crises.

As geopolitical instability plunges the world into the second major energy crisis of the decade, the renewable energy and utility sectors are wresting back control of the energy security narrative, pushing back on decades of fossil fuel industry-driven misconceptions.

In response to the Trump administration’s repeal of major US environmental regulations and federal subsidies, automakers are reporting losses of tens of billions of dollars as they retreat from EV production. The industry’s lobbying against environmental regulations, however, may have contributed to the regulatory instability that it now faces.

US automakers have often emphasized the need for stable environmental regulations, citing the substantial time required to develop and manufacture new vehicles. Despite this, many of these automakers have lobbied for years to roll back US emissions regulations, either directly or through their industry associations, counter to a strong global trend towards the electrification of road transport, further accelerated by high oil prices resulting from the conflict in Iran, and the Intergovernmental Panel on Climate Change (IPCC)’s warnings that ambitious government regulations are needed to decarbonize the industry.

At the same time, they have inadequately disclosed these lobbying activities, keeping their own investors in the dark about their lobbying for the rollbacks that are causing regulatory chaos for the industry.

An Investor Note

This insight draws on InfluenceMap's assessment of BP and Shell's climate policy engagement from 2021–2025, using publicly available data and company disclosures up to the end of 2025.

With investor scrutiny intensifying ahead of both companies' 2026 AGMs, it considers what that record reveals about their positioning on the energy transition.

... includes ...

• Shareholder Scrutiny
• BP & Shell Regressing on Climate Policy Engagement
• Climate Policy Engagement Disclosures
• Advocacy as an Indicator of Strategy

Employment Type Full time Please note, where PRI has an office there is an expectation to work a minimum of 2 days per week
Location Hybrid · London, City of, UK

Seniority Mid-level
Closing: 11:59pm, 21st Jun 2026 BST

Uxbridge, United Kingdom
Mechelen, Belgium
Breda, Netherlands

Closing: 9:00am, 29th Jun 2026 BST

We are seeking an experienced and passionate Sustainable Product Manager to join our team to help with the development, positioning, and growth of our sustainable product suite. This role will focus on delivering innovative solutions, coordinating product initiatives, and deepening client engagement.

The successful candidate will join our dynamic team and work in collaboration with
the thematic leads under the guidance of the Director, Thematic Research &
Corporate Innovation, to support the development and implementation of the
engagement process handbook and associated risk management activities, and
closely follow the regulatory stewardship landscape and its potential impact on
FAIRR’s work. 

Job Identification 210756184
Job Category Firmwide Risk and Compliance
Business Unit Commercial & Investment Bank
Posting Date 09/06/2026, 19:16
Locations 277 Park Ave, New York, NY, 10172, US
Job Schedule Full time

The ESG Data Analyst will support a range of ESG quantitative analysis to support the Global Sustainability team as well as members of the equity, fixed income and multi-asset team focused on providing customized sustainable solutions.  

An exceptional opportunity has arisen to join the newly established Sustainable Client Solutions (SCS) Team in London. The SCS Team is responsible for working closely with Relationship Managers and Product Partners throughout in the Global Corporate Investment Bank, Japanese Corporate Banking Division, and Global Markets in the Europe, the Middle East, and Africa (EMEA) region in order to promote engagement on sustainable finance and sustainable advisory (i.e. ESG ratings, disclosures, and controversies), as well as spearheading EMEA’s Green Transformation (GX) strategy, all of which are core pillars of the region’s client solution proposition.

Job Location:  London, GBR
Global Grade:  Band 6
Work Type:  Office Working
Employment Type:  Permanent
Posting Start Date:  03/06/2026
Posting End Date: -

Closing date for applications: 15/06/2026

Location London, United Kingdom

Job type Permanent | Contract typeFull Time
Remote / On-site Hybrid

You’ll spend some of your time at home, working with your team digitally. You’ll also regularly work at your office or hub to collaborate with your colleagues.
Managerial / Technical Lead

(12 Month FTC- Family Leave Cover)
Principles for Responsible Investment
Employment Type Contract Please note, where PRI has an office there is an expectation to work a minimum of 2 days per week
Location Hybrid · London, City of, UK

Team CEO Office
Seniority Mid-level
Closing: 11:59pm, 21st Jun 2026 BST

As a Data Scientist, you will be embedded within Man Group's Responsible Investment (RI) function — working day-to-day alongside the RI research, stewardship and investment teams to deliver data-driven insights. 

Man Group is a leader in bespoke proprietary RI investment and has created several tools and datasets. In this role you will acquire, wrangle, map and analyse large structured and unstructured RI and sustainability datasets, acting as a subject matter expert at the intersection of data science and responsible investment. 

Work spans the full data lifecycle and is delivered through self-managed projects in close collaboration with the RI team and the wider Data & AI division. 

Working across a fast-moving, high-growth insurance business, you’ll partner closely with teams across Underwriting, Governance, Operations and Finance to ensure sustainability is practical, measurable, and embedded in decision-making. You’ll also support the ongoing development of our policy governance framework, helping ensure the right level of control, consistency, and oversight as we scale.

Employment Type Full timeThere is an expectation to be in the office 4 days and one WFH
Location Hybrid · London, UK
 
Seniority Mid-level
Closing: 11:59pm, 14th Jun 2026 BST

Are you passionate about Sustainable Investing and in particular Investor Stewardship? Investor stewardship is a core component of UBS Asset Management’s fiduciary and sustainable investing approach. We are seeking an experienced Stewardship Analyst to strengthen our corporate governance, proxy voting and engagement capabilities across global investments

The Investment Sustainability Solutions Team (ISST) is a multidisciplinary group of sustainable investment professionals specialising in sustainability data and research, stewardship and engagement, and sustainability policy and reporting. The team supports investment teams and their clients by helping them consider and integrate sustainability within the investment process, partnering closely with Investment Risk, Compliance, Technology, and Product to enable rigorous, data-driven investment decision-making. ISST operates as a highly collaborative, cross-functional group within Franklin Templeton’s global platform, offering an environment that values intellectual curiosity, partnership with portfolio managers, and continued development across evolving sustainability priorities.

[Posted 30+ days ago, ad still live]

We are seeking an experienced Senior Sustainability Consultant to play a key role in growing our ESG consultancy offering.  Working closely with our UK and international sustainability specialists you will support business development, strengthen our market presence, and promote our innovative sustainability services. The role is a blend of technical ESG expertise, client relationship and project management, providing crucial support to investors, asset managers, and corporate occupiers as they navigate regulatory demands, investor expectations, and operational performance goals

In your role as Senior Responsible Investment Associate, you will make a meaningful and valued contribution from the outset. This role will provide a great opportunity to support the delivery of PMG’s Responsible Investment strategy, ensuring consistent, efficient and high-quality execution across PMG asset classes and mandates. The successful candidate will bridge the gap between technical RI expertise and practical, value creation applications within private markets.

This is an exciting opportunity to shape and embed a new Sustainability Disclosure Oversight capability within Operations, tasked with providing a holistic review over global sustainability entity-level disclosures.

This role will ensure the accuracy, consistency, and alignment of Vanguard's sustainability disclosures; reviewing, benchmarking, and enhancing ESG content across frameworks and geographies. You'll challenge ESG data validation, conduct external comparisons, and drive continuous improvement to ensure our disclosures are clear, credible, and consistent.

[posted March 2 appears still to be live ad]

This is a Fixed Term Contract opportunity

Can be based in UK, South Africa, Chile, Peru, Brazil

The S&T Platform Strategy & Governance team is seeking an Associate in EMEA to support sustainability strategy, S&T product ideation, market intelligence, and governance activities across the S&T platform. The role sits at the intersection of sustainable product strategy, competitor and industry monitoring, platform analytics, and regulatory‑driven initiatives, with exposure to multiple stakeholders and cross‑functional strategic projects within GPS and BlackRock more broadly.

The Sustainability & Impact Client Solutions team mobilizes the full range of sustainability insights, advisory services and investment solutions across our client segments and asset classes (Publics Markets Investing and GS Alternatives, External Investing Group). We collaborate with sustainability teams across the division and firm to deliver the breadth and depth of our sustainability capabilities to our clients. We are seeking an associate to join the team in NYC to fill a unique role focused on developing differentiated insights on leading edge topics on sustainable investing and better serving our clients with content-rich advisory services. This role will work closely with our global team, in addition to working with our Institutional sales teams to deliver client solutions that focus on Sustainability and Impact Investing across public and private markets.  In addition, this role will work with various investment teams to support investment product development and broader delivery of our capabilities across different asset classes and across different regions.

As a Sustainability Analyst, you will play an active role in advancing Broadridge’s sustainability initiatives, contributing to the company’s progress toward its near-term and net-zero emissions reduction goals. In this role, you will manage data collection, analysis, and reporting tasks, support supplier engagement activities, and contribute to projects that advance our environmental commitments. This position provides hands-on experience in corporate sustainability, greenhouse gas (GHG) measurement, and sustainable supply chain management, while offering opportunities to learn from and collaborate with experienced sustainability professionals.

Please be aware that interviews are provisionally scheduled to take place during the week commencing 18th May 2026. Applications received after this date may not be considered but will be added to our talent pool for future opportunities, subject to your consent.

LGPS Central (LGPSC) Ltd is the FCA regulated asset manager for eight local authority pension funds across the Midlands.

Location Hybrid · London, UK

Team - Ri Solutions

Seniority - Junior

Closing: 11:59pm, 3rd May 2026 BST

This responsibility spans all factor, thematic, cap-weighted and sustainability & climate Indexes

The Director of Communications provides senior strategic communications leadership for PRI, using communications as a deliberate lever to reinforce PRI’s value, credibility and coherence with signatories and external stakeholders. The role shapes the external narrative, protects and enhances reputation, and translates complex technical and policy work into clear, decision‑useful messages that strengthen the enabling environment for responsible investment.