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CA100+ ups pressure on corporates to align lobbying with Paris Agreement
26 October 2020Institutional investors with a combined $6.5 trillion in AUM have issued "urgent" demands to 47 of the largest US-based corporate greenhouse gas (GHG) emitters to disclose their climate lobbying practices.
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ESG news round-up: Calvert joins Morgan Stanley; CofE drops ExxonMobil; HSBC in net-zero pledge
09 October 2020 -
Storebrand excludes 27 firms as it tightens climate policy
24 August 2020Norwegian asset manager Storebrand has tightened its climate policy significantly, which will see it exclude 27 firms including oil majors Chevron and ExxonMobil, miner Rio Tinto and chemicals giant BASF.
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Consultation opens on climate change lobbying framework
29 June 2020The consultation on a framework to help investors assess the extent to which a company's lobbying is aligned to the Paris Agreement has been opened, after three investors launched the project earlier this month.
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Third of investor votes back Mizuho Financial climate resolution
25 June 2020More than a third of Mizuho Financial investors backed a ground-breaking shareholder resolution urging the Japanese bank to disclose its climate risks and publish a plan to align investments with the Paris Agreement.
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Fossil fuel reserve profits 'could fall by two-thirds'
08 June 2020Falling demand and rising investment risk is forecast to slash profits from fossil fuel reserves, research by Carbon Tracker reported, estimating they could collapse by almost two-thirds.
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Total becomes next oil major to feel shareholder climate pressure
29 May 2020French supermajor Total has become the latest oil firm to face rising pressure from shareholders at its annual general meeting (AGM) over it environmental ambitions.
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Investor climate pressure builds on US oil majors as BlackRock steps-up
28 May 2020US oil supermajors ExxonMobil and Chevron experienced significant investor pressure over their climate policies at their annual general meetings, with major investor BlackRock stepping up support for some proposals.
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European oil majors climate pledge disappointment continues
13 May 2020Despite progress from European oil majors in strengthening their climate ambitions, analysis by the Transition Pathway Initiative (TPI) concluded that none are yet on the path to net-zero emissions.
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Time is ripe for US asset managers to engage oil majors
11 May 2020Domestic asset managers have been largely absent from climate engagement with US oil majors, but the Church Commissioners for England tells Ahren Lester that this could finally be changing.