Investors seek action for greater environmental disclosure

A group of 24 institutional investors have written to stock exchanges around the world urging them to require greater disclosure of environmental issues by companies listed on their trading platforms. Led by Aviva Investors, an arm of the insurance firm of the same first name, the investors are working under principles espoused by the Principles of Responsible Investment, an initiative backed by the United Nations. A suggestion particularly advocated by Aviva Investors is a listing requirement for companies to consider how responsible and sustainable their business model is. It wants companies to put a forward-looking sustainability strategy to the vote at their annual meetings. Aviva said the exchanges with the least number of companies disclosing such data were the Australian Stock Exchange, NASDAQ GS, Korea Exchange, Santiago Stock Exchange and Philippine Stock Exchange.

Source document: The Aviva Investors news release is strangely available only to professional investors.