UK pension fund forum urges greater climate action from 16 firms
The UK Local Authority Pension Fund Forum (LAPFF) issued several climate-related voting alerts to ramp up pressure on 16 oil and gas, mining and transport companies in the second quarter of this year.
Make climate transition focus of next proxy season, says DWS
A rallying call has been issued to investors to make climate transition plans the main focus of the next shareholder voting season.
World's top insurers stalling on climate change drive
While insurers are increasingly aware of environmental risks which might impact both sides of their balance sheet, new research has found that their investment strategies are not in line with the Paris Agreement. The research was published the same week Royal Dutch Shell held its AGM and shareholders, including some large insurers, were asked to vote on a climate resolution. Did they stand up to the test? Paul Walsh and Vincent Huck report
Top investors put pressure on Shell, but climate resolution rejected
Royal Dutch Shell faced mounting pressure from investors to set concrete targets to reduce greenhouse gas (GHG) emissions at its annual general meeting (AGM) but a climate-related shareholder resolution was rejected.
Standardisation of scenarios is necessary for oil & gas, Carbon Tracker says
A common reference scenario for the oil & gas sector is needed to boost comparability, said Carbon Tracker, after its analysis exposed large disparities in companies’ consideration of the potential impacts of climate change.
$10trn of investors urge oil and gas companies to ramp up climate efforts
Sixty big investors have urged the oil and gas industry to take responsibility for all its emissions, as some of the sector’s most powerful players prepare for their annual shareholder meetings.
Largest 200 clean energy companies best fossil fuel benchmark by 16%
The world's 200 largest publicly listed companies by total clean energy revenues outperformed their industry benchmark by 16.4% over the last 18 months, according to the latest Carbon Clean 200 list.
Danish pension fund PKA engaging with 64 oil and gas giants on climate
Danish pension fund PKA has said divestment is a possibility for 64 oil and gas companies with which it is currently engaging on climate-related issues.
New York City files to sue five oil majors, plans $5bn pension fossil fuel divestment
New York City has filed a lawsuit against five oil majors for damages caused by climate change, and the city's pension funds intend to divest $5 billion from fossil fuel companies, as its mayor launched a blistering attack on the firms.
Trillion-dollar wealth fund to consider dropping oil and gas investment
Norway's $1 trillion sovereign wealth fund is to consider divesting its holdings in oil and gas because of the risk fossil fuels pose to its portfolio.