LAPFF Q2 Quarterly Engagement Report
Highlights Include:
- Collaboration in Asia: Q2 saw LAPFF participate in the ‘Taiwan in the World: Sustainability Breakthrough & Responsible Investment Dialogue’ conference in Taipei. Whilst in Taiwan, LAPFF engaged with Foxconn, Vanguard International Semiconductor (VIS), and latterly Taiwan Semiconductor Manufacturing Co (TSMC) on a range of climate and social issues.
- Water Stewardship in Mining: Meetings with Glencore, Antofagasta, Anglo American, and Freeport-McMoRan focused on responsible water management in high-risk regions, TNFD adoption, and community engagement practices.
- Energy Suppliers & Transition Risks: LAPFF continued engagement with Drax on biomass sustainability and subsidy dependence, the Forum also continued dialogue with BP and Shell following pivots in strategy.
- Luxury Goods & Human Rights:Discussions with LVMH and Moncler on human rights due diligence, CSRD compliance, and supply chain risk management amid changing EU regulation.
- CAHRAs & Heightened Human Rights Due Diligence: Engagements with Lockheed Martin, Safran, Leonardo, and major banks on their practices in conflict-affected and high-risk areas.
- Executive Pay Oversight:Scrutiny of new remuneration packages at Standard Chartered and Intercontinental Hotels Group (IHG); focused on concerns are CEO pay ratios, alignment with stakeholder expectations, and pay governance.
A full version of the report in now avaiable here.