Connecting or dividing
11 Mar 2026Will pass-through voting connect end investors better to companies or result in the quiet unravelling of investor stewardship?
My colleague Suren Gomtsian and I worked with the Issuer & Investor Forum to assess the stewardship implications of pass-through voting, the innovation whereby investors in pooled funds can direct their asset managers how to vote. I wrote a blog on our research for the European Corporate Governance Institute, which you can find here.
One year in, my savings from electrification have been less than forecast but still impressive and would justify today’s installation cost
Sometimes it seems difficult to state the obvious on climate change
The anti-ESG backlash may have an unexpected benefit for European index fund managers
The Financial Reporting Council has got it about right with its revised UK Stewardship Code
The Transition Finance Market Review is an impressive piece of work. But I still don’t understand what a “transition finance” label will achieve.
A recent paper from the Net Zero Lawyers Alliance does little to resolve the underlying dilemmas facing fiduciaries concerned about climate change
Electrification has cut my home energy bills by 2/3rds, but at a significant capital cost
Could there be a good faith argument for fiduciaries to allocate a portion of their portfolio to climate impact investments? I argue that there could.
By aiming for less asset owners can achieve more as universal owners.
Will pass-through voting connect end investors better to companies or result in the quiet unravelling of investor stewardship?