Archive

  • Pension funds must do more to push for low-carbon transition, says Lord Deben

    14 May 2020

    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

    13 May 2020

    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

    13 May 2020

    Legal & General Investment Management (LGIM) has added to growing investor pressure on ExxonMobil to implement improved climate policies ahead of its AGM.

  • Time is ripe for US asset managers to engage oil majors

    11 May 2020

    Domestic 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.

  • Total makes net-zero pledge after investor pressure

    05 May 2020

    French 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.

  • Sustainable equity funds becoming all-weather investments

    02 April 2020

    The relative outperformance of ESG equity funds during the market correction caused by the coronavirus (Covid-19) pandemic proves they can be all-weather investments that will appeal to long-term investors, Morningstar's sustainability research head tells Ahren Lester.

  • Transition-focused index backed by Church of England pension

    30 January 2020

    The pension board of the Church of England (CofE) has allocated £600 million ($780 million) to a fund tracking a first-of-its-kind, custom-made, climate transition index, and issued a rallying call for other pension funds to follow.

  • HSBC: Risk of stranded assets in oil and gas 'very limited'

    22 January 2020

    HSBC has downplayed the risk of 'stranded assets' in the oil and gas sectors, pointing to the likelihood of continuing reliance on the industry for decades

  • One fifth of CalPERS portfolio is highly exposed to climate risk

    27 December 2019

    The 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.

  • BlackRock loses $90.4bn from failing to spot stranded asset risks, says IEEFA

    01 August 2019

    The world's largest asset manager, BlackRock, has seen $90.4 billion knocked off the value of its listed equities holdings over the last decade because it failed to address stranded asset risk in the fossil fuel industry, according to a report by the Institute for Energy Economics and Financial Analysis (IEEFA).