One of the world’s largest asset managers, Vanguard, will give retail investors greater say on proxy votes as it tries to navigate a backlash to ‘woke’ policies. Investors will be able to choose from five options including prioritising environmental, social and governance factors or voting for ‘profits above politics’. The Financial Times covers the story.
As this year’s COP29 summit draws to a close, delegates are yet to agree on a plan for climate finance goals. Proposals include scaling up international climate finance to $1 trillion per year, but an agreement as to where these funds would come from is yet to be met. Bloomberg covers the story.
