Invesco

InfluenceMap Score
C-
Performance Band
58%
Organisation Score
50%
Relationship Score
Sector:
Financials
Head​quarters:
Atlanta, United States
Official Web Site:
Wikipedia:

Invesco appears to have had mixed engagement on sustainable finance policy, generally supporting policy to improve corporate ESG disclosure and not supporting policy on investment decision-making.

Invesco appears to support urgent action to tackle climate change, and in 2021 Invesco joined the Net Zero Asset Managers initiative, supporting the global goal of reaching net zero emissions by 2050 or sooner. In 2020 comments to the European Commission, Invesco suggested that policy should encourage positive action but not restrict negative action. More recently, Invesco has taken a more positive position on the need for sustainable finance regulation, stating support for the EU Sustainable Finance Action plan in a 2021 article and outlining its support for regulatory action on climate finance in its 2021 CDP response.

Invesco appears to support regulated corporate ESG disclosure. In a 2020 white paper, Invesco advocated for increased ambition of the EU’s Non-Financial Reporting Directive (NFRD), and echoed this in comments on the European Commission’s review of the Directive in 2020. In a 2021 letter to the SEC, Invesco also strongly supported regulated corporate ESG disclosure in line with TCFD guidelines and subject to third party auditing. In 2020 and 2021 comments to the UK Financial Conduct Authority (FCA), Invesco supported regulated disclosure in line with the TCFD. In a 2022 insights paper, Invesco also stated support for mandatory reporting frameworks in Singapore, India, and Hong Kong.

Invesco appears to have mixed positions on a taxonomy. Invesco commented on the EU Taxonomy to argue that the proposed 'green' thresholds were too stringent in a media article in 2019 and in feedback to the European Commission in 2020. In feedback to the Commission's Renewed Strategy in 2020 Invesco supported the expansion of the taxonomy to cover environmentally harmful activities but appeared to argue for an approach with a greater emphasis on the transition. In a 2020 white paper, Invesco supported the expansion of the taxonomy to social issues, however, it advocated for a broadening of the transition definition in the taxonomy which could lead to a less stringent classification system.

Invesco has taken mixed positions on policy on ESG standards and labels. In its 2020 reporting, Invesco referred to its engagements with the EU Green Bond Standard and the EU Benchmarks Regulation, but did not specify a policy position. In 2020 comments on the EU Renewed Strategy, Invesco supported verification for the EU Green Bond Standard and supported some of the Commission’s suggestions for new ESG labels but not others. In response to the FCA’s consultation on Sustainability Disclosure Requirements and investment labels in January 2022, Invesco supported and advocated for increased ambition for some proposed labels and standards, but advocated for the watering down of others.

Invesco does not appear to support incorporating ESG factors into investor duties. In 2019, Invesco told the FCA that there was no need for further stewardship regulation, told ESMA that ESG considerations should be secondary to financial objectives, and advocated for weaker policy on including ESG factors in investor duties regulation. In feedback to the European Commission on the Renewed Sustainable Finance Strategy in 2020, Invesco did not appear to support adapting fiduciary duty to take into account adverse impacts on sustainability. In response to the ESA’s Sustainable Finance Disclosure Regulation (SFDR) consultation on investor ESG disclosure in 2020, Invesco argued against the prescriptiveness of the proposed regulation and suggested a principles-based approach instead, although welcomed the regulation in a website article in 2021.

In a 2021 white paper Invesco appeared to support a role for regulators in developing scenario analysis for insurers, but has not clearly taken a position on specific climate-related prudential and risk management policy.

Invesco has disclosed some of the policies it is engaging on in its 2019 climate change and 2020 stewardship reports, but has not clearly described outcomes sought and more recent engagement is missing. Invesco has listed collaborations and memberships to some positive external organizations and advocacy groups but does not appear to include an exhaustive list of trade association memberships nor related governance.

QUERIES
DATA SOURCES
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0NANANANANANA
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Strength of Relationship
STRONG
 
 
 
 
 
 
 
WEAK
 
43%
 
43%
 
42%
 
42%
 
41%
 
41%
 
53%
 
53%
 
56%
 
56%
 
48%
 
48%
 
49%
 
49%
 
81%
 
81%
 
70%
 
70%

How to Read our Relationship Score Map

In this section, we depict graphically the relationships the corporation has with trade associations, federations, advocacy groups and other third parties who may be acting on their behalf to influence climate change policy. Each of the columns above represents one relationship the corporation appears to have with such a third party. In these columns, the top, dark section represents the strength of the relationship the corporation has with the influencer. For example if a corporation's senior executive also held a key role in the trade association, we would deem this to be a strong relationship and it would be on the far left of the chart above, with the weaker ones to the right. Click on these grey shaded upper sections for details of these relationships. The middle section contains a link to the organization score details of the influencer concerned, so you can see the details of its climate change policy influence. Click on the middle sections for for details of the trade associations. The lower section contains the organization score of that influencer, the lower the more negatively it is influencing climate policy.