{"id":1914197,"date":"2023-04-13T10:11:21","date_gmt":"2023-04-13T14:11:21","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/lgs-fund-arm-to-back-climate-votes-at-u-s-canadian-banks\/"},"modified":"2023-04-13T10:12:24","modified_gmt":"2023-04-13T14:12:24","slug":"lgs-fund-arm-to-back-climate-votes-at-u-s-canadian-banks","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/lgs-fund-arm-to-back-climate-votes-at-u-s-canadian-banks\/","title":{"rendered":"L&amp;G\u2019s fund arm to back climate votes at U.S., Canadian banks"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Flgs-fund-arm-to-back-climate-votes-at-u-s-canadian-banks%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1914197&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>\n<!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\"><br \/>\n<?xml encoding=\"utf-8\" ?><br \/>\n<html><br \/>\n   <body><\/p>\n<div class=\"entry-content\">\n<p>By Simon Jessop<\/p>\n<p>Legal &#038; General Investment Management (LGIM), Britain&#8217;s largest asset manager and subsidiary of Legal &#038; General, a renowned insurer, has announced its intention to support environmental shareholder proposals at annual meetings of Canadian and American banks. LGIM, which manages assets valued at over $1.5tn, has strengthened its stance on climate change, and cited its belief that banks have a critical role to play in adhering to the global goals set by the Paris Agreement.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px; text-align: center;\">\n            <script>\n               googletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });\n            <\/script>\n         <\/div>\n<\/p>\n<p>The fund management firm is escalating its activism following its support of climate votes last year. In a statement, LGIM said, &#8220;We continue to consider that decarbonisation of the banking sector and its clients is key to ensuring that the goals of the Paris Agreement are met. Accordingly, we believe our support of many of these resolutions &#8211; depending always on the specifics of their drafting language and advisory or binding nature &#8211; is warranted.&#8221;<\/p>\n<p>The proposals that LGIM will support include time-bound policies related to reducing lending and underwriting for fossil fuel exploration and development at six American banks, including Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley and Wells Fargo. It will also support proposals asking for emissions reduction targets for high-emitting sectors and for environment-related reports to be submitted to leading banks, including the Royal Bank of Canada, Bank of America, Goldman Sachs, JPMorgan Chase, Morgan Stanley, and Toronto-Dominion Bank. <\/p>\n<p>&#8220;We believe detailed information on how a company intends to achieve the 2030 targets they have set\u2026 can further focus the board\u2019s attention on the steps and timeframe involved and provides assurance to stakeholders,&#8221; LGIM said in a statement.<\/p>\n<p>($1 = 0.7993 pounds)<\/p>\n<\/p>\n<p> (Reporting by Simon Jessop; Editing by Mark Potter)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/lgs-fund-arm-to\/attachment\/a-combination-file-photo-shows-wells-fargo-citigbank-morgan-stanley-2\/\"><\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Despite news reports suggesting aides in the Biden Administration were \u201cstunned\u201d to learn of the Mar-a-Lago raid, an investigation by the America First legal foundation suggests that is far from the case.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>A Second Democrat lawmaker in Tennessee is reinstated to his position after being expelled by the Republican majority over his role in a gun control protest at the State Capitol<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Amid the recent Nashville school and Louisville bank shootings, discussions of banning assault weapons or expanding gun regulation are back on the table.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Donald Trump sues his former attorney while a journalist files suit against Joe Biden and Big Pharma. Meanwhile, sensitive documents of Biden\u2019s team continue to leak across the pond.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Elvira Pollina MILAN (Reuters) &#8211; The Italian data protection agency has made a list of demands, which OpenAI must follow as per the directive it issued on Wednesday. <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>(Reuters) \u2013 Chinese battery manufacturer, SVOLT Energy Technology Co, intends to expand its footprint in Europe and establish five facilities. <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>SEOUL (Reuters) \u2013 South Korea\u2019s apex court has requested that Google publicly acknowledge whether the technology giant had shared local data with its parent company, Alphabet Inc. or its affiliates. <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Josh Ye HONG KONG (Reuters) \u2013 COVID-19 restrictions and a Chinese security crackdown have led to bankers leaving Hong Kong in significant numbers. <\/p>\n<\/p><\/div>\n<p>   <\/body><br \/>\n<\/html><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Simon Jessop LONDON (Reuters) \u2013 Britain\u2019s biggest asset manager, Legal &amp; General Investment Management (LGIM), said on Thursday it would back a number of climate-focused shareholder resolutions at the annual meetings of leading U.S. and Canadian banks. LGIM, insurer Legal &amp; General\u2019s fund arm, which manages more than $1.5 trillion, said it was going<\/p>\n","protected":false},"author":66,"featured_media":1914198,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[8651,8961,5300,4321,4338,24288,7238,4030],"class_list":["post-1914197","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann","tag-arm","tag-banks","tag-canadian","tag-climate","tag-fund","tag-lgs","tag-u-s","tag-votes"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1914197","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1914197"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1914197\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1914198"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1914197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1914197"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1914197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}