In Brief: JPMAM and SSGA exit CA100+; IEA to set up security programme for critical minerals

The latest ESG policy and regulatory news

JPMorgan Asset Management and State Street Global Advisors have confirmed to the Financial Times that they are leaving the investor coalition group Climate Action 100+. JPMAM said it would no longer participate in the group’s engagements because it had expanded its own stewardship capabilities. Meanwhile, SSGA argued that the coalition’s enhanced requirements, which ask members to push companies to reduce emissions rather than disclose them, are not aligned with its approach to proxy voting and portfolio company engagement.