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Transition finance guidelines to be published 'by end of year'
23 June 2020A working group convened by the International Capital Market Association (ICMA) exploring the theme of 'climate transition finance' expects to publish guidelines by the end of the year, but stopped short of saying when a formal set of principles might be launched.
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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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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".