Investment Management, Stewardship and Sustainability

Iris H-Y Chiu is Professor of Corporate Law and Financial Regulation at University College London, UK. Hans-Christoph Hirt is a Trustee Director of the Hermes Group Pension Scheme (HGPS) in London, UK.

Introduction; Investment Management, Stewardship and Sustainability: Key Gaps and Challenges
Iris H-Y Chiu (University College London, UK) and Hans-Christoph Hirt (Hermes Group Pension Scheme, UK)

PART I
THE CONCEPTION, POLICY AND EXPECTATIONS OF INVESTMENT MANAGEMENT STEWARDSHIP AND SUSTAINABLE FINANCE
1. From Universal Owners to Hedge Funds and Indexers: Will Stewardship Drive Long-Termism and Sustainability
Andrew Johnston (University of Warwick, UK)
2. The Evolution of ‘Engagement’ as a Norm in Investment Stewardship in the UK and the Impact of Sustainability Demands
Iris H-Y Chiu (University College London, UK)
3. Institutional Investors and Sustainable Finance – Developing the Shareholder Engagement Framework in Light of the Emerging Sustainable Finance Regime in the EU
Hanne S Birkmose (University of Southern Denmark, Denmark)
4. Sustainable Investment and Asset Management: From Resistance to Retooling
Virginia Harper Ho (City University of Hong Kong, Hong Kong)
5. The EU Taxonomy: A Key Step for Sustainable Finance
Catherine Malecki (Rennes 2 University, France)
6. Direct Mandatory Corporate Social Responsibility Legislation: Lessons from China and Indonesia
Li-wen Lin (University of British Columbia, Canada) and Iris H-Y Chiu (University College London, UK)
7. The Voting Behaviour of Institutional Investors and Retail Shareholders and the Interests of Beneficiaries
Christoph van der Elst (Tilburg University, the Netherlands)
8. Common Ownership and Corporate Social Responsibility: Evidence from the BlackRock-BGI Merger
Kenneth Khoo (National University of Singapore, Singapore)

PART II
PRACTICAL REFLECTIONS ON INVESTMENT MANAGEMENT STEWARDSHIP AND SUSTAINABLE FINANCE
9. Responsible Investing: The Status Quo and Remaining Challenges
Andrew Parry (J O Hambro Capital Management, UK)
10. The Future of Stewardship: Time to Take a Step Back
Hans-Christoph Hirt (Hermes Group Pension Scheme, UK)
11. Responsible Investment
David Hickey (Lothian Pension Fund, Edinburgh)
12. Investment, Sustainability and Stewardship: Perspectives of a Sovereign Wealth Fund
Ola Peter K Gjessing (Norges Bank Investment Management, Norway)
13. Evolution of Sustainable Investing: A US Perspective
Ken Bertsch (Society of Corporate Secretaries and Governance Professionals, USA)
14. The Model Mandate: Hardwiring Stewardship into Investment Management
George Dallas (International Corporate Governance Network, UK) and Chris Hodge (Institute of Directors, UK)
15 Corporate Purpose: Narrowing the Gap between Corporates and Investors on Sustainability Issues
Brian Tomlinson
16. Targeting Net Zero: Embedding Accountability for Portfolio Decarbonisation and Resilience in the Asset Owner – Asset Manager Relationship
Faith Ward (Brunel Pension Partnership, UK)
17. Net-Zero Asset Owner Alliance Climate Voting Transparency and Benchmarking
Theodor F. Cojoianu (University of Edinburgh Business School, UK), Andreas GF Hoepner (Michael Smurfit Graduate Business School, Ireland), Yanan Lin (China Europe International Business School, China), Kate van der Merve (University College Dublin, Ireland) and Anh Vu (Queen’s University Belfast, UK)