TCI plays outrider to Mark Carney’s climate drive gfhay
TCI, the activist hedge fund run by Christopher Hohn, is planning to punish directors of companies that fail to disclose their carbon dioxide emissions, the Financial Times reported on Dec. 1.
TCI has warned Airbus, Moody’s, Charter Communications and other companies to improve their pollution disclosure or risk the activist voting against their directors, the FT reported, citing letters sent by the fund. TCI also called for asset owners to fire fund managers that did not insist on climate transparency.
United Nations Secretary-General António Guterres announced on Dec. 1 he had appointed Bank of England Governor Mark Carney as U.N. special envoy for climate action and finance.
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