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‘Worryingly complacent’ UK pension funds neglect climate risk
25 May 2018Some of the largest pension funds in the UK are ‘worryingly complacent’ about the risks posed by climate change to investments, according to the Environmental Audit Committee (EAC).
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Top investors put pressure on Shell, but climate resolution rejected
22 May 2018Royal Dutch Shell faced mounting pressure from investors to set concrete targets to reduce greenhouse gas (GHG) emissions at its annual general meeting (AGM) but a climate-related shareholder resolution was rejected.
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Standardisation of scenarios is necessary for oil & gas, Carbon Tracker says
21 May 2018A common reference scenario for the oil & gas sector is needed to boost comparability, said Carbon Tracker, after its analysis exposed large disparities in companies’ consideration of the potential impacts of climate change.
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Renewables investment by oil majors is 'incremental rather than radical', Fitch says
24 April 2018Public pressure is driving renewables investments by oil majors but this will not be a radical step in the transition away from traditional business, Fitch Ratings says.
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Norges Bank backs climate and water shareholder resolutions
20 April 2018The advisor to the world's largest sovereign wealth fund has thrown its weight behind climate-related shareholder resolutions with energy companies Imperial Oil and TransCanada.
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£500m fund launched to invest in Indian renewables
20 April 2018A new fund has been seeded with £240 million ($340 million) to invest in "green energy infrastructure" in India.
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Investors wake up to collective engagement clout
26 March 2018Climate-related resolutions at Exxon and Shell garnered the support of the world's largest investors. Now asset managers and owners are massing together to move entire sectors, writes Michael Hurley.
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TPI hails watershed moment for investors in oil and gas
21 March 2018A Transition Pathway Initiative (TPI) study of disclosures by Shell, Total and Petrobras can "fundamentally change the game" for investors hoping to pressure oil majors into reducing their carbon emissions.
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People moves: Lightsource BP, Global Water Partnership and Committee on Climate Change
09 March 2018Michael Bloomberg has been selected as the UN Secretary-General's Special Envoy for Climate Action.
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UBP expands ESG range with new fixed income fund
01 March 2018Union Bancaire Privee (UBP) has launched a new environmental, social and governance (ESG) strategy focused on emerging market investment-grade corporate issuers.