Local banks lead on physical climate risk

Fast reading Physical climate risk will vary across a country, with each house having its own physical risk profile, impacted by its unique build quality, positioning, location, and dependence on natural capital. The dispersed nature of physical climate risk favours local banks as they are able to focus their assessment on specific and localised categories […]

Goodyear case study

Background The Goodyear Tire and Rubber Company (“Goodyear”) is one of the largest tire-producing companies in the world and we have engaged with it on upstream and downstream climate-related risks since 2019. More than 90% of greenhouse gas emissions related to Goodyear’s products and services are realised during the product-use phase, specifically due to fuel […]

LyondellBasell case study

Background We have engaged with the multinational chemical major, LyondellBasell Industries (LyondellBasell), on climate change since 2017. As part of Climate Action 100+ (CA100+), a collaborative engagement of more than 370 investors and their representatives seeking greenhouse gas emissions reductions from the world’s largest emitters, we co-lead engagement with the company. This case study serves […]

FHL Stewardship Report 2023

Fast reading Monitoring engagement outcomes is crucial in ensuring our approach is effective and achieves the desired results. As such, this report contains new and updated examples, case studies and metrics throughout to demonstrate how our approach works in practice. This year’s report features information on our first deforestation risk assessment and mitigation activities across […]

EOS Stewardship Report 2023

2023 was another turbulent year for the global economy as inflation, rising interest rates, tight labour markets and geopolitical shocks fuelled uncertainty. It was also the year in which the impact of climate change was writ even larger with catastrophic flooding across 10 countries in 12 days, the hottest ocean temperatures ever recorded, heatwaves that […]

Improving corporate governance in Asia

At its core, corporate governance relies on the right arrangement of checks, balances, and incentives. The purpose is to prevent one group from expropriating the cash flows and assets of others, and to provide a structure to support long-term value creation. History is littered with examples of company collapses arising from poor corporate governance practices. Poor […]

Green bonds boom boosts case for credit engagement

Over the past five years, there has been strong momentum in sustainable bond financing, with the green, social, sustainable, and sustainability-linked bond (GSSSB) market expanding from just over US$200bn in 2018 to $946bn in 2023, according to Moody’s. With this increased issuance, we are seeing more regulatory scrutiny of issuers’ sustainability strategies. This has helped […]

Ist die CO2-Abscheidung die Lösung für den Klimawandel?

CCUS sind eine Reihe von Technologien, die Kohlenstoff aus verschiedenen Quellen wie Kraftwerksabgasen oder direkt aus der Luft abfangen. Die meisten Modelle des Intergovernmental Panel on Climate Change (IPCC), die sich an dem 1,5°C-Ziel ausrichten, setzen auf die Entfernung von Kohlendioxid. Daher werden CCUS als ein entscheidendes Instrument zur Bewältigung der Klimakrise angesehen, insbesondere für […]

Public Engagement Report Q1 2024 

Fast reading EOS asks for clearer disclosure on CCUS strategies and associated risks, while monitoring progress at companies within hard-to-abate sectors. The growth of the green bonds market has attracted greater regulatory scrutiny but also driven more acceptance and awareness of bondholder engagement. Are Asian regulatory reforms helping to improve corporate governance and unlock shareholder […]

Prudential case study

Background Founded in London in 1848, the company provides life and health insurance, retirement and asset management services. It has dual-primary listings in London and Hong Kong. Over the last ten years of our engagement, we have seen various positive changes in the company’s business purpose and structure, and gender diversity at the board level. […]