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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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Oil majors accused of using CA100+ as 'fig leaf' to disguise inaction
11 May 2020Oil supermajors have been accused of using joint statements with investor initiative Climate Action 100+ (CA100+) as a means to disguise limited action on emissions reductions.
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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.
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Total makes net-zero pledge after investor pressure
05 May 2020French oil major Total has become the latest oil and gas major to announce its ambition to be net-zero emissions by 2050, after pressure from investor groups.
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Shell strengthens climate ambitions after investor pressure
16 April 2020Royal Dutch Shell has strengthened its climate change ambitions in order to help meet global 2050 greenhouse gas (GHG) emission reduction targets, but campaigners remain unconvinced that the proposals go far enough.
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Adam Matthews: A believer in the power of engagement
10 February 2020The Church of England Pensions Board's ethics and engagement director explains to Ahren Lester the key role asset managers can play in driving the transition to a low-carbon economy
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BlackRock announces expanded sustainable investment measures
14 January 2020BlackRock has pledged to make sustainability its "new standard of investing," as it announced sweeping changes to its practices, including reducing exposure to thermal coal firms.
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BlackRock joins Climate Action 100+ initiative
09 January 2020The largest asset manager in the world, BlackRock, has joined the Climate Action 100+ initiative, in a move that "sends a powerful signal to companies to reduce emissions, improve corporate governance and strengthen their disclosure".
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One fifth of CalPERS portfolio is highly exposed to climate risk
27 December 2019The largest public pension fund in the US has reported that a fifth of its portfolio is among those sectors most exposed to climate change risks.
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Almost all CA100+ power utilities at risk of stranded assets
16 July 2019Most of the world’s largest power utilities that have coal capacity are at risk of making the transition to a low-carbon transition in a disorderly manner, potentially compromising tens of billions of dollars in shareholder value, the Carbon Tracker Initiative has found.