Shell strengthens climate ambitions after investor pressure
Royal 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.
Total faces shareholder resolution to reduce carbon emissions
A group of 11 investors have filed a shareholder resolution at Total, calling on the oil major to set carbon emission reduction targets in line with the Paris Agreement.
Sustainable equity funds becoming all-weather investments
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.
Rio Tinto warns industry lobby on thermal coal advocacy
Mining giant Rio Tinto has delivered a dusting down to a significant Australian industry lobby for its support for thermal coal, as part of its review of the industry associations it wants to belong to.
Adam Matthews: A believer in the power of engagement
The 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
Transition-focused index backed by Church of England pension
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.
Investors welcome strengthened Anglo American climate lobbying policy
Major investment firms have welcomed the mining giant Anglo American agreeing to align its lobbying activity to the goals of the Paris Agreement.
BlackRock loses $90.4bn from failing to spot stranded asset risks, says IEEFA
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).
Updated Methodology to change ESG rating of 85% of Morningstar funds
As many as 85% of the funds covered by Morningstar will have their environmental, social and governance (ESG) ratings changed when the methodology of its Morningstar Sustainability Rating (MSR) is updated, expects John Hale, head of the firm's sustainable research.
Shell lighting low-carbon path for oil & gas sector, says Church of England
Oil and gas major Shell is “leading the way” in its sector as it plans for the transition to a low-carbon economy, according to the Church of England Pensions Board.