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BlackRock: climate risks are not being priced-in
04 April 2019The world's largest asset manager BlackRock has found evidence that physical climate risks are not being priced into investments, in a report that is expected to deliver "a thunderbolt for investors".
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London and Amsterdam top index of world’s green financial centres
28 March 2019European cities dominated an index of the world’s top green financial centres, with London and Amsterdam outperforming their peers.
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Investors face rising biomass risks, says ShareAction
07 February 2019Investors are exposed to increasing financial and reputational risks from investments in biomass energy, as the greenness of the fuel is becoming more and more doubtful, an NGO has argued.
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BP to support CA100+ shareholder resolution
01 February 2019Oil and gas giant BP is set to broaden its corporate reporting to describe how its strategy is consistent with the goals of the Paris Agreement, after it committed to supporting a Climate Action 100+ (CA100+) shareholder resolution.
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BlackRock urged to back words with actions in AGM season
14 January 2019The world’s largest money manager has been pressured to back climate-related shareholder resolutions, in a letter addressed to its CEO Larry Fink by investors and NGOs.
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UK Shell pension fund threatened by ombudsman complaint
08 October 2018The £16 billion ($20.9 billion) Shell Contributory Pension Fund (SCPF) could see a complaint against it lodged with UK’s Pensions Ombudsman for not giving enough proof of how it manages climate-related risks in its investments.
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Big four audit firms under spotlight on climate reporting
19 September 2018The ‘big four’ audit firms have been challenged to explain their failure to flag deficiencies in companies’ climate risk reporting.
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Majority of world’s largest pension funds neglect climate risk, says AODP
10 September 2018Nearly two thirds of the world’s largest pension funds have little or no disclosed strategy on climate change, potentially putting them at risk of breaching their fiduciary duty to savers, according to a study by the Asset Owners Disclosure Project (AODP).
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LGIM pressures international standards body to adopt TCFD
21 August 2018Legal & General Investment Management (LGIM) has thrown its weight behind calls for the International Organization of Securities Commissions (IOSCO) to adopt harmonised climate risk reporting.
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Private sector lagging on climate disclosure, report claims
17 August 2018Private sector asset owners tend to be less prepared than their public sector counterparts to make voluntary public statements and disclosures related to climate change, a report has claimed.