This report summarises private shareholder engagements in Japan by Governance for Owners Japan between 2009 and 2019. Findings show high success rates and positive abnormal returns, with quiet activism proving more effective than public campaigns. Evidence indicates such private engagements support Japan’s governance reforms and long-term shareholder value.

Research Institute of Economy, Trade and Industry (RIETI) is a Japanese policy think tank founded in 2001. RIETI conducts theoretical and empirical economic research, bridges academe and government, and offers evidence-based trade, industry and economic policy recommendations.

This report summarises research on US firms’ exposure to temperature variability and its financial effects. It shows that volatile temperatures reduce profitability, affect consumer demand and labour productivity, and influence investor attention. Portfolios exposed to higher variability underperform, indicating temperature volatility is a material climate risk for firms and investors.

London School of Economics and Political Science (LSE) is a global research university specialising in economics, politics, law, social policy and data science. Based in London, LSE offers undergraduate, graduate and executive degrees, and leads in social science research, public policy impact and global academic partnerships.

This report summarises empirical evidence on the economic effects of disclosure and financial reporting regulation. It reviews challenges in identifying causal relationships, assessing costs and benefits, and evaluating market-wide outcomes. The authors highlight limited conclusive evidence and propose priorities for future research to better inform policy and regulatory design.

This report summarises how policy portfolios support long-term, multigenerational investment planning by balancing strategic discipline with tactical flexibility. It presents model portfolios for institutional and ultra-high-net-worth clients, emphasising client-specific customisation, risk management, and the integration of long-term capital market assumptions to guide portfolio construction and decision-making.

Morgan Stanley Wealth Management provides financial advice, investment strategies, and portfolio management for individuals, families, and institutions. Its services include retirement planning, sustainable investing, and access to global market insights. Morgan Stanley combines advanced digital tools with expert guidance to help clients achieve long-term financial goals and preserve wealth across generations.

This report summarises research comparing the effectiveness of “exit” strategies, such as divestment and boycotts, with “voice” strategies, such as shareholder engagement, in influencing corporate behaviour. It concludes that when most investors are even slightly socially responsible, engagement leads to socially optimal outcomes, whereas exit rarely does and can reduce welfare.

The report by Japan’s Government Pension Investment Fund (GPIF) evaluates how engagement by external asset managers has affected investee companies from 2017–2022. Using causal inference analysis across over 26,000 engagements, it finds positive links between engagement and improvements in corporate value, governance, decarbonisation, and diversity.

Government Pension Investment Fund (GPIF) is an independent administrative institution in Japan. It manages and invests pension reserve funds under Japan’s Employees’ Pension Insurance and National Pension Acts. GPIF seeks long-term, diversified returns while emphasising ESG investment and stewardship in public pension finance.

This study analyses whether investor engagement on environmental, social, and governance (ESG) issues reduces firms’ downside risk. Using data from 1,443 engagements with 485 global firms (2005–2018), it finds that successful engagements, particularly on environmental and climate issues, significantly lower downside risk and related environmental incidents.

This report summarises analysis of 31 PRI-coordinated investor engagements on environmental and social issues between 2007 and 2015. It finds that leadership structures, particularly two-tier models with lead and supporting investors, enhance engagement success, improve target company performance, and are associated with higher subsequent fund flows for participating investors.

This report summarises international investment trends in the digital economy, focusing on data, digital infrastructure, and technology services. It highlights uneven global distribution, the role of multinational enterprises, and policy implications for sustainable development, emphasising the need for balanced regulatory frameworks and equitable access to digital opportunities worldwide.

Drawdown Explorer is an interactive platform that catalogues climate mitigation solutions, ranking them by their emissions impact, cost, and readiness.

The Tobacco Supply Chain tool is a publicly accessible database mapping the global tobacco supply chain from agriculture to retail by identifying companies, processes and countries involved.

This report summarises draft guidance from New Zealand’s Financial Markets Authority on ethical investment disclosure. It sets expectations under the FMC Act, warns against greenwashing, and outlines principles of clarity, substantiation, consistency, and management of third-party involvement to improve transparency and accuracy for investors.