Oil companies beginning to act on climate change, says report
Some of the largest global oil and gas companies such as Statoil, Eni and Total are beginning to act on climate change. However, laggards like ExxonMobil are considerably behind these companies, according to a report from major investors.
Investors with $15trn in AUM call on global governments to implement Paris Agreement
Investors representing more than $15 trillion in assets under management (AUM) have written to the governments of G7 and G20 countries calling on them to support and implement the commitments of the Paris Agreement, to limit global temperature increase to less than 2°C.
Investors start to weigh water risks
Investor interest in corporate water risk is increasing fast. A range of tools and services are being developed to help companies respond. Graham Cooper reports
TCFD: A full disclosure
Will the Task Force on Climate Related Financial Disclosures (TCFD) report change the landscape for investors, asks Hamza Ali
Suez and Canadian pension fund acquire GE Water for €3.2bn
French waste and water group Suez and Canadian pension fund manager Caisse de Depot et Placement du Quebec (CDPQ) have partnered to buy General Electric's (GE) water division.
EDP emissions reduction plan approved by Science-Based Targets
Portuguese utility EDP's emissions reduction plan has been confirmed as in-line with the Paris Agreement goal of keeping global warming well below 2°C, by NGO Science-Based Targets (SBT).
CDP and French Government to assess low-carbon transition readiness
CDP – formerly known as the Carbon Disclosure Project – and the French government have partnered in a new initiative to assess company readiness for the transition to a low-carbon economy.
CDP partners with business leaders to determine carbon price that aligns with 2°C scenario
Environmental non-profit CDP, formerly known as the Carbon Disclosure Project, has partnered with We Mean Business to launch an initiative designed to determine a carbon price that is consistent with a 2°C scenario.
TCFD Reaction: 'Turning point for climate disclosure'
The launch of TCFD's recommendations were today hailed as a landmark moment for investors campaigning to have climate considerations integrated into mainstream reporting.
Europe's oil and gas companies better prepared for low-carbon than US, says CDP
European oil and gas companies have outperformed their US counterparts in preparedness for a low-carbon future by beginning to invest in alternative energy sources and shifting to gas, according to a report by CDP.