Independent reporting on fiduciary duty, climate, stewardship and systemic risk for the institutions that allocate the world's long-term capital.
Asset owners increasingly embed voting oversight into their stewardship infrastructure, requiring external managers to report on material proxy decisions and justify voting against owner guidelines. This article examines the governance mechanisms, institutional practice, and emerging standards.
Carbon markets create financial incentives to reduce emissions through cap-and-trade systems and voluntary offset trading. Institutional investors face direct exposure through carbon-intensive holdings and indirect opportunities through carbon credit investments.
Norway’s spending rule is where intergenerational duty becomes arithmetic
Inequality gets recast as a portfolio risk, not a values question
Nature moves from voluntary framework to ISSB-aligned standard-setting
A quiet proxy season — just as the scaffolding under the vote shifts
The AI-debt cluster every passive owner is increasingly exposed to — and cannot fully diversify away
The net-zero owners quietly pivot from exit to financing the transition
Two competing fiduciary-process models are hardening on opposite sides of the Atlantic
The weekly briefing on fiduciary duty for the world's largest owners.
Global insurers are embedding net zero commitments into governance and portfolio management. We examine the mechanics, enforceability, and implications for long-term capital allocation.
The TCFD framework has become the de facto global standard for climate-related financial disclosure among institutional investors and corporate boards. We explain its structure, adoption rates, and implications for long-term capital allocation.
Research, charts, video and podcast analysis for the institutions investing at the scale of the world.
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