Storebrand excludes 27 firms as it tightens climate policy
Norwegian asset manager Storebrand has tightened its climate policy significantly, which will see it exclude 27 firms including oil majors Chevron and ExxonMobil, miner Rio Tinto and chemicals giant BASF.
Third of investor votes back Mizuho Financial climate resolution
More than a third of Mizuho Financial investors backed a ground-breaking shareholder resolution urging the Japanese bank to disclose its climate risks and publish a plan to align investments with the Paris Agreement.
Fossil fuel reserve profits 'could fall by two-thirds'
Falling demand and rising investment risk is forecast to slash profits from fossil fuel reserves, research by Carbon Tracker reported, estimating they could collapse by almost two-thirds.
Total becomes next oil major to feel shareholder climate pressure
French supermajor Total has become the latest oil firm to face rising pressure from shareholders at its annual general meeting (AGM) over it environmental ambitions.
Investor climate pressure builds on US oil majors as BlackRock steps-up
US 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.
Exxon climate resolution gains further support ahead of tomorrow's AGM
The UK's Local Authority Pension Fund Forum (LAPFF) has called on its members to oppose the re-election of the entire ExxonMobil board, adding to pressure on the oil and gas giant's climate policies.
Pension funds must do more to push for low-carbon transition, says Lord Deben
The chair of the influential UK Committee on Climate Change (CCC) said the financial sector is beginning to take environmental concerns more seriously, but more has to be done.
European oil majors climate pledge disappointment continues
Despite progress from European oil majors in strengthening their climate ambitions, analysis by the Transition Pathway Initiative (TPI) concluded that none are yet on the path to net-zero emissions.
LGIM to oppose election of ExxonMobil executive chair
Legal & General Investment Management (LGIM) has added to growing investor pressure on ExxonMobil to implement improved climate policies ahead of its AGM.