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The-Shareholder-Commons-response-to-ISS-Policy-Survey-2023.pdf
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Summary

The Shareholder Commons provided its responses to the ISS 2023 Policy Survey, emphasizing that ISS benchmark voting guidelines should prioritize the interests of diversified investors, who hold a significant portion of the market. The TSC argues that these guidelines should focus on optimizing the returns of entire portfolios, rather than individual companies, and consider the impact of company practices on social and environmental systems. The TSC's responses highlight the need for globally consistent principles in judging company performance on behalf of investors, particularly with regards to environmental and social topics such as climate change, biodiversity, and human rights. The TSC also emphasizes the importance of considering "double materiality" in assessing E&S topics, which includes both the effects of external sources on the company and the company's externalities or impacts on the environment and society. Ultimately, the TSC advocates for voting advice that maximizes the returns of diversified portfolios, rather than individual companies, and prioritizes real-world impacts on the climate system and other critical systems that underpin diversified portfolios.

Description

The Shareholder Commons provided its responses to the ISS 2023 Policy Survey, emphasizing that ISS benchmark voting guidelines should prioritize the interests...

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  • File Format: PDF
  • File Size: 75 KB
  • Pages: 3
  • Language: EN
  • Total Downloads: 241
  • Last Updated: 1 day ago

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