Many funds have said they are escalating talks with companies over their tax planning and, if necessary, will dump shares.
For Simon Jessop's latest contributions to The Japan Times, see below:
Banks, asset managers and private equity firms, faced with tough regulations to decarbonize portfolios and loan books, are competing to grab the people with the right green expertise.
The plans being discussed by the ultrarich range from philanthropy to shifting money and businesses into trust funds, and relocating to other countries or states with favorable tax regimes.
For all the hype and billions of dollars globally pouring into investing based on ESG factors, it is a niche play in the sovereign bond market.
Shareholder votes on climate are likely to win more support than in previous years from asset managers seeking clarity on how executives plan to adapt and prosper in a low-carbon world.