-
TCFD garners support from wide range of corporates and investors
13 December 2017Support for the Task Force on Climate-related Financial Disclosures (TCFD) from companies, and investors has grown strongly since the group published its final recommendations in June, its chairman Michael Bloomberg said.
-
Shareholder action forces oil giant Exxon to increase climate disclosures
12 December 2017ExxonMobil is to start publishing reports on how policies to reduce global warming affect its profits, a move which marks a major victory for shareholder action on climate change, according to New York State Comptroller Thomas DiNapoli.
-
Global Coal Exit List: How investors can bolster coal divestment
08 December 2017In recent months, more banks and investors have committed to reduce their coal exposure. While this is a laudable step, research finds that the new coal policies have important shortcomings, argues Christina Beberdick
-
UK pension funds advised to adopt TCFD reporting and engage on climate
07 December 2017The UK's Pensions and Lifetime Savings Association (PLSA) has warned of the "severe" short-term risks to pension fund investments posed by climate change, as it releases a framework to help them mitigate climate risk and exploit opportunity.
-
Lloyd's issues call to arms to insurers on climate change
23 November 2017A call to action was issued to the insurance sector to step up its efforts to deal with climate change, as it comes to terms with what is expected to be the most costly year on record for natural disasters.
-
Trillion-dollar wealth fund to consider dropping oil and gas investment
20 November 2017Norway's $1 trillion sovereign wealth fund is to consider divesting its holdings in oil and gas because of the risk fossil fuels pose to its portfolio.
-
Axa calls for TCFD to be made mandatory
20 November 2017Financial disclosures on climate risk should become mandatory – as they are in France, according to an executive from insurance giant Axa.
-
A quarter of refineries under threat in a 2°C world, warns Carbon Tracker
02 November 2017Falling oil demand in a carbon-constrained world could result in the closure of a quarter of global refineries in the next 20 years, the latest report from Carbon Tracker has found.
-
Biggest fossil fuel companies more than six times over carbon budget
27 October 2017The 200 biggest coal and oil & gas companies have more than six times their allocated carbon budget in their reserves, according to a report by the Fossil Free Indexes (FFI).
-
Shell and BP shareholder capital at risk, says ShareAction
26 October 2017Shareholders need to escalate engagement action with the management and boards of oil companies BP and Shell over the low-carbon transition as they face significant financial risk, according to responsible investment non-profit organisation ShareAction.