Archive

  • Rio Tinto shareholders in largest ever vote for climate resolution

    03 May 2018

    Investors with a combined $4 billion of shares in Rio Tinto have recorded the largest vote for a climate change-related resolution, without board support, in Australian corporate history.

  • Investors wake up to collective engagement clout

    26 March 2018

    Climate-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.

  • TPI hails watershed moment for investors in oil and gas

    21 March 2018

    A 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.

  • 50 names to be added to Climate Action 100+ engagement hit list

    21 February 2018

    50 more corporates are to be added to the $28 trillion Climate Action 100+ initiative's list of targets for climate-related engagement.

  • Tesla is top CO₂ performer but lags in disclosure, TPI says

    14 February 2018

    Electric vehicle manufacturer Tesla is the best performer in the automobile sector in terms of carbon dioxide (CO₂) emissions, but is let down by its disclosure on the issue, a report has found.

  • Exxon takes encouraging disclosure steps but must go further, investors say

    08 February 2018

    The latest climate-related disclosures by oil giant ExxonMobil fail to go far enough in setting out how climate change is likely to impact its business, say an influential group of investors that led last year's successful shareholder resolution against the company.

  • £17bn Church Investors Group to crack down on climate laggards

    07 February 2018

    The UK's Church Investors Group (CIG) will take a harder line on companies failing to take action on climate change by voting against the re-election of directors, as part of its updated proxy voting policy.

  • Shareholder action forces oil giant Exxon to increase climate disclosures

    12 December 2017

    ExxonMobil 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.

  • Shareholder climate success at Exxon

    31 May 2017

    A shareholder resolution calling for ExxonMobil to do more to tackle climate change received a significant majority, despite not being backed by the board.

  • Oil companies beginning to act on climate change, says report

    15 May 2017

    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.