Calling on energy company executives in public and private, responsible investment firm Newton spurs corporate response on ESG issues.
Actively managing investments can help investors identify climate change risks and opportunities. It can also help society tackle global challenges. Driven by these core beliefs, Newton Investment Management, a subsidiary of BNY Mellon, identifies companies that it believes are ineffectively managing their climate-related risks or opportunities, seeks further information and then presses them for action. Often, Newton does this in collaboration with other investors to create a wide-reaching, global impact.
For example, in 2018 Newton and another major investor drafted an open letter to the Financial Times calling for the oil and gas sector to take more action to describe its long-term business strategy and set concrete emission-reduction targets. Issued in early 2018, the letter was supported by 60 asset managers and owners with combined assets of over $10.4 trillion.1