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Funds Urge Toyota to Boost Disclosure Around Climate Lobbying
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European investors have urged Toyota Motor Corp. to improve disclosure of its lobbying on climate change ahead of an annual shareholder meeting in June.
A resolution was submitted by three funds that together hold $400 million in Toyota shares — Danish pension fund AkademikerPension, Norwegian financial services company Storebrand Asset Management AS and Dutch group APG Asset Management NV — on Wednesday before Toyota announced earnings in Tokyo.