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Listed Equities
Shares of publicly traded companies on stock exchanges, representing ownership and claim on profits.
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Socially-minded investors and corporate behavior
This report examines whether socially-minded investors influence corporate behaviour through voting, managerial incentives, or identity investing. It concludes that existing channels offer limited impact and evaluates potential legal reforms, such as binding shareholder votes and mandatory disclosures, to better align corporate actions with these investors' preferences.
AI corporate governance and Ben & Jerry’s risk
This report analyses the governance structures of OpenAI, Anthropic, and Ben & Jerry’s. It examines the risks of appointing independent guardians to prioritise social missions over shareholder profits. The findings highlight how fully insulated guardians can harm investors and undermine their own missions without proper accountability mechanisms.
The European chemical sector's influence on biodiversity policy
This report analyses how major European chemical companies and industry associations influence biodiversity policy in the EU and US. It reveals that no assessed company aligns fully with science-based biodiversity goals, highlighting oppositional lobbying against critical regulations concerning pesticides, PFAS, and harmful chemicals.
Optional shareholder voting
This paper examines optional shareholder voting by institutional managers (IMs) using newly available SEC data on say-on-pay votes. Only 44% of IMs vote, yet their aggregate voting footprint is twice that of mutual funds. IMs use voting as a monitoring tool, with larger positions associated with greater opposition to management.
Rankings of America's Most Just Companies
The Rankings of America's Most Just Companies evaluate the largest publicly traded US corporations on stakeholder performance and ethical behaviour.
Cracking the code: Using nature data to understand the impact of the ASX200
This report analyses the nature-related impacts of Australia's ASX200 companies. It finds that utilities, energy, and materials sectors exert the highest direct environmental pressures, whereas financials and retail sectors possess significant supply chain impacts. The report advocates for TNFD-aligned disclosures and proactive investor stewardship to mitigate systemic risks.
Reining in big tech corporations: Why platform governance requires structural regulation
This paper argues that big tech platform corporations function as state-empowered artificial legal entities rather than private contractual arrangements. Highlighting their structural and governance power, the author suggests that these organisations require structural regulation and democratic oversight to recalibrate the delegated powers granted by states.
Mobilising trade associations as a force for good: A playbook for companies
This playbook outlines a five-step framework for companies to manage their indirect policy engagement through trade associations. It provides guidance on articulating science-based climate policy priorities, assessing association alignment, engaging to drive improvement, and rigorously reviewing memberships to ensure they support corporate sustainability targets.
Corporate engagement guide: Addressing deforestation in Australia
This corporate engagement guide provides institutional investors with a step-by-step pathway to address deforestation within Australia's largest listed supermarkets and banks. It evaluates the current progress of major companies and offers actionable guidance to implement robust deforestation-free commitments, safeguard financial stability, and mitigate systemic economic risks.
Who is behind the nicotine industry in Europe? Leading players and their financiers
This research maps the key players in Europe's nicotine product industry and their financial backers. It examines ten companies, their supply chains, and specific nicotine-related financing. Findings reveal that major tobacco multinationals receive the vast majority of financing, predominantly from North American and European institutions.
Climate litigation as a financial risk: Evidence from a global survey of equity investors
This report surveys 811 global equity investors to assess perceptions of climate litigation as a financial risk. It finds that investors view climate lawsuits as financially material, with effects often manifesting early, such as upon media coverage or filing, and affecting both carbon majors and other sectors.
RIAA Conference Australia 2026 - Companion Resources
Responsible investment has moved well beyond principles and pledges. Today’s challenges require practical capability and informed judgement. The RIAA Conference is a must-attend event for finance, sustainability and industry practitioners who want to focus on the key themes for responsible investment in 2026 and what implementation really looks like. Designed as an immersive, hands-on experience, the program focuses on the systems that underpin strong financial performance, and will help you understand how climate, nature, technology, governance and regulation intersect.
These specially curated companion resources have been recommended by the conference speakers and Altiorem team.
These specially curated companion resources have been recommended by the conference speakers and Altiorem team.
Physical climate risk in the United States equity market: Quantifying state–sector heterogeneity
The report presents an NGFS-aligned framework for assessing physical climate risk in U.S. equities. Using state-level GDP damage projections and sector-specific adjustments, it estimates a roughly 4.0% valuation loss for a U.S. equity benchmark under current policies, highlighting substantial variation across states and sectors.
The EU Inc.: Half European, fully digital, and genuinely innovative
The paper analyses the European Commission’s proposed “EU Inc.” framework, a harmonised digital-first company structure for EU start-ups and scale-ups. It assesses governance, financing, codetermination, digital registration and cross-border legal integration within existing EU and national company law frameworks.
Blocking a better world altogether: Rabobank’s bogus policy about animal welfare and sustainable agriculture
World Animal Protection argues Rabobank’s sustainability policies fail to match its financing practices, alleging continued support for companies linked to animal cruelty, deforestation and high emissions. The report urges stricter lending conditions, stronger monitoring and reduced investment in industrial livestock expansion to align with climate and animal welfare goals.
Legal form and corporate outcomes: Evidence from the societas europaea
Study finds Societas Europaea adoption improves firms’ international positioning, increasing foreign investor ownership and cross-border acquisitions. However, markets generally react negatively, information asymmetry rises, and shareholder returns weaken post-adoption, suggesting governance flexibility and supranational identity benefits may be offset by uncertainty and potential minority shareholder concerns.