Q1 2025 Quarterly Engagement Report
LAPFF has published its Q1 Quarterly Engagement Report covering January – March 2025.
Highlights Include:
- Letter to FTSE 100 Companies: Continued company responses to LAPFF’s December 2024 FTSE 100 letter; including discussions with Next and Aviva on operations in conflict-affected and high-risk areas (CAHRAs).
- Energy suppliers: Engagements with Iberdrola, SSE, Drax, BP, and Shell on strategies to decarbonise energy supply and consumption.
- Housebuilders: Meetings with Persimmon and Barratt Redrow on decarbonisation and readiness for the Future Homes Standard; Governance engagement with Vistry on the company’s combined CEO and Chair role.
- Water Stewardship: LAPFF participation in the 2025 Valuing Water Finance Initiative letter, and engagement with mining companies on water risk management.
- Banks Financing the Fossil Fuel Sector: LAPFF instigating dialogue with banks on shifting capital away from fossil fuel expansion toward clean energy investment, following high media attention on climate rollbacks by oil & gas majors.
- Nature Disclosures: Engagements with Procter & Gamble and Nestlé through Nature Action 100, focusing on encouraging improvement in nature-related disclosures.
- CAHRAs: Ongoing discussions with companies including Bank Leumi, Bezeq, Home Depot, EV manufacturers, and luxury goods companies on their human rights’ due diligence in high-risk supply chains.
- Collaborative Engagement: LAPFF’s participation in collaborative initiatives such as “Votes Against Slavery” (Rathbones), PRI Advance (Vale, Anglo American), and collective investor calls for stronger human rights oversight in Nike’s supply chain.