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Pimco is most likely to support proxy votes on climate risk

FN sister-publication Barron’s takes a look at US fund managers’ records on climate change

As the 2019 proxy season gets underway, how will your mutual fund company vote on climate change? Based on the 2018 data, more and more fund companies will vote in favour of shareholder proposals asking companies to quantify and mitigate their risks related to climate change.

The firm most likely to do so is Pacific Investment Management, or Pimco, a unit of German insurer Allianz, according to Ceres, the sustainability advocacy firm.

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