Q4 2023 Quarterly Engagement Report

April 29th 2024


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LAPFF Quarterly Engagement Report for October to December 2023.

Highlights include:

  • An overview of the 2023 LAPFF conference, detailing discussions on various important topics including electric vehicle (EV) supply chains and the biodiversity crisis.
  • A continued push on the ‘Say on Climate’ initiative, aimed at encouraging more companies to present their climate transition plans for shareholder voting.
  • Active engagement with insurance companies regarding climate change, which included meetings with AIA, AXA, Legal & General, Lloyds Banking Group, and Ping An.
  • Engagement efforts focused on mining and human rights, particularly with Grupo Mexico and Glencore. This included organising a seminar for investors featuring communities from Colombia and Peru impacted by Glencore’s mining projects.
  • Discussions with German technology giant SAP to address the management of adverse human rights impacts, including issues of discrimination, arising from advancements in artificial intelligence (AI) technologies.
  • Issuance of a voting alert concerning BHP, highlighting concerns over the company’s climate-related practices and its corporate culture regarding human rights.
  • Continued engagement with The Home Depot through the Investor Alliance for Human Rights’ Uyghur Working Group, aimed at addressing the company’s response to allegations of Uyghur forced labour within its supply chains.
  • Meeting with the chair of Barclays to gain insight into the company’s efforts to enhance its corporate governance in light of allegations associated with its former executive and Jeffrey Epstein.

Click here to view the Q3 2023 QER.