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News round-up: ISS, Toronto, TSX, IHS Markit and more

ISS throws its weight behind Engine No.1's proposed Exxon board changes

ExxonMobil faces mounting investor pressure on climate action

US oil major ExxonMobil is facing growing pressure from major investors over its response to climate change ahead of its annual general meeting later this month, including from Legal & General Investment Management (LGIM) and the California Public Employees' Retirement System (CalPERS).

News round-up: NGFS, G7, Moody's, DeSmog, and more

Majority of Europe's bank directors 'too compromised' to end fossil fuel finance

Exxon adds Ubben to board ahead of AGM

ExxonMobil has appointed Jeff Ubben to its board, in an apparent concession to demands made by the activist investor to reposition its business model to reduce the impact of its business on climate change.

Exxon urged to implement net zero targets, board reshuffle

CA100+ investors 'raise ambition' with five key shareholder resolutions

Climate Action 100+ (CA100+) says key shareholder resolutions filed with the likes of ExxonMobil, Berkshire Hathaway and General Motors are a sign of "raised ambition" among investors in this year's annual general meeting (AGM) season.

Hedge fund veteran plotting $8bn impact fundraise

US hedge fund manager Jeffrey Ubben is planning to raise up to $8 billion for a new impact fund, according to Reuters.

S&P warns of oil & gas downgrades amid 'transition risks'

Ratings agency S&P has warned 13 oil and gas companies that they face a credit downgrade within weeks, citing risks associated with the transition to a low-carbon economy and competition from renewables.