CCLA Investment Management

High or low? CCLA's November market barometer is out now. Each month our investment team gauges the pressure of global investment markets. In our charts of the month, we look at: ▪️ Monetary policy risks tightening if the Fed doesn't ease more now, in as much as decelerating nominal GDP growth is converging on nominal interest rates. But we expect the Fed to cut aggressively further, especially post the May advent of a Trump-appointed Fed Chair. ▪️ The Fed's balance sheet will stop shrinking post 1 December too, which will help. ▪️ Repo usage at the Fed has not picked up which is encouraging despite credit rumblings ▪️ The retail investor frenzy is gathering intensity - it all feels increasingly speculative   Read our latest barometer here 👉 https://lnkd.in/eiyZwwRi   *For professional investors*

🧠 Overlooking mental ill health in the office could cost investors billions.   Now in its fourth year, CCLA's global corporate mental health benchmark evaluated the public disclosures and wellbeing policies of 120 global companies.   Amy Browne, Deputy Head of Sustainability at CCLA, shares an overview of CCLA’s benchmarks with Natalie Kenway and why failing to act on corporate mental health could cost both businesses and investors.   ‘Yes, there is a moral case to be made for pushing ahead with this, but also a very strong financial case for action.’ https://lnkd.in/evpPk-_u   Link to benchmark in comments below. 👇   Asset TV

How much farther will interest payments rise? And how sustainable is the UK government’s debt? We discuss how the government’s spending will be restricted by its financial situation with Civil Society Media Ltd. Sharika Sharma Frank Mampaey https://lnkd.in/eFyDugxY

Back in 2022, CCLA Investment Management led a group of investors to call for migrant seasonal workers in the UK to receive compensation for fees paid to secure employment and for the UK agricultural supply chain to implement the Employer Pays Principle.   The new documentary by BBC File on 4 Investigates, ‘Abused for Our Food’ illustrates how the situation is still dire. The documentary looks at the Seasonal Workers’ Scheme and how migrant workers are being mistreated and subjected to unacceptable living conditions while they labour on UK farms. Despite the establishment of the Seasonal Workers’ Taskforce to bring together the agricultural supply chain to address this issue, many agricultural migrant workers in the UK find themselves in incredibly difficult situations and without the funds to survive or return home.   Our Director, Modern Slavery, Dame Sara Thornton says now is the time for supermarkets to act: “Supermarkets have been part of the Seasonal Workers’ taskforce for years. Several of the supermarkets in the UK have made public commitments to the Employers Pay Principle but we are now at a key inflection moment. This is a key test for their commitment.”   Dan Ashby Ge (Georgie) Styles #BetterWork #ModernSlavery #BetterWorld https://lnkd.in/ewUY3sxm 

CCLA’s Dame Sara Thornton speaks to 'BBC File on 4 Investigates' about our work to protect the UK’s migrant seasonal workers from exploitation and investor engagement with supermarkets and policy makers to implement the Employer Pays Principle. Listen in this evening at 8pm UK time on BBC Radio 4 or again at 11am on Wednesday 22nd. Ge (Georgie) Styles Dan Ashby

Local Authority Pension Fund Forum (LAPFF) & CCLA lead over £3tn investor group in urging FTSE 100 firms to provide shareholder vote on climate strategies. Only five FTSE 100 companies offered shareholders transition plan votes in 2025. ‘Climate change is a systemic risk to investment markets and a material threat to shareholder value. Our clients continue to tell us that it is the issue about which they are most concerned. As stewards of our clients’ capital, we have a duty to push companies to maintain ambition and deliver credible transition strategies, regardless of geopolitical headwinds. 'With COP30 on the horizon, it is yet another reminder for investors and companies to ensure the real economy transitions in line with the Paris Agreement and keeps global warming well below 2°.’ Peter Hugh Smith Read more: https://lnkd.in/ej2D2kKj #betterenvironment

📢 Last chance to have your say. Our 2025 consultation closes tomorrow. 👉 https://lnkd.in/esqmNnZX

Another fantastic event by SRI Services and Partners for #GoodMoneyWeek yesterday. 🔭 Look out for the doodle summarising James Corah’s panel on how investors can help achieve net zero - they had a live cartoonist for the day! ➡️Some takeaway quotes from James. ‘Climate risk is investment risk. Climate risk is people risk.’ ‘We have to look beyond the metrics to drive real world change and recognise that engagement is a really useful tool.’   Thank you Julia Dreblow and team! #spottheredbuses

💜 Today marks #WorldMentalHealthDay and we are pleased to announce the launch of our 2025 global benchmark on workplace mental health. While results from the benchmark show progress, the world’s most valuable companies are missing a trick. Over half of the top 10 companies (by market cap) are rated in the lowest performance tier. Download benchmark: https://lnkd.in/eZWR-Bcx #WMHD #WMHD25 #betterhealth #goodinvestment