Pat Toomey and Ron Johnson say firms’ CEOs are putting personal views above their fiduciary duty.
Red hot equities help the world’s largest pension fund rake in $339 billion in investment gains.
The Financial Conduct Authority says current policies do not meet investors’ needs.
It would require companies to reveal how environmental, social, and governance metrics affect their business strategy.
Investors expect the consolidation will result in more consistent sustainability standards.
Fiona Reynolds will leave after nearly nine years to return to her native Australia.
Similar proposals will land at other companies, including American Express and Procter & Gamble.