LAPFF Q2 2026 Quarterly Engagement Report
LAPFF has published its Quarterly Engagement Report (QER) covering the period April – June 2026.
The report provides an overview of LAPFF’s engagement activity during the quarter, highlighting the Forum’s continued focus on climate change, human rights, environmental risk and corporate governance.
Highlights include:
- Oil & Gas: Engagement with BP on capital discipline and shareholder rights, including LAPFF’s support for a shareholder resolution requesting greater transparency on upstream oil and gas investment, which received over 28% support.
- Biomass: Continued scrutiny of Drax’s biomass-based business model, supply-chain controls and reliance on bioenergy with carbon capture and storage, alongside engagement with the company’s senior independent director.
- Climate Rollbacks at Banks: Engagement with HSBC and NatWest following the weakening of their climate-related financing policies, supported by voting recommendations aimed at strengthening board accountability for climate risk oversight.
- Climate Adaptation: Further work on physical climate risk and food-system resilience, including engagement with Tesco and participation in an investor roundtable focused on strengthening the resilience of UK food supply chains.
- Modern Slavery: Engagement with Philip Morris International, Salesforce and Amgen using the CCLA Modern Slavery Global Benchmark, with a focus on moving beyond policy commitments towards stronger supply-chain mapping, due diligence, remedy and disclosure.
- Mining and Human Rights: Continued engagement with Vale and civil society organisations on tailings safety, affected communities and the integration of climate adaptation into mining operations and board-level risk oversight.
- Conflict-affected and High-Risk areas: Progress in LAPFF’s conflict-affected and high-risk areas programme, including analysis of company responses to the Forum’s questionnaire, engagement at company AGMs and escalation where companies failed to demonstrate adequate heightened human rights due diligence or board oversight.