Industrials, Policy and Regulation, UK

UK government warns investors of ‘severe consequences’ over cladding

Grenfell Tower remains
The three manufacturers were responsible for the majority of the cladding that was used on the Grenfell Tower. (Photo: Neil Hall/EPA)

The government is writing to asset managers including BlackRock and Vanguard about cladding companies’ apparent failure to propose a financial offering to fix unsafe buildings. Investors in cladding companies Arconic, Kingspan and Saint-Gobain have been told to use their “position of influence” to push the companies to “engage constructively” and ...

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