UK pension scheme NEST divests £27.2m from high carbon companies
The UK's national workplace pension provider has divested £27.2 million from companies that it deems are not adequately adapting to a low-carbon economy, including Exxon Mobil and Royal Dutch Shell, it has said.
Link remuneration to climate risk, says TCFD
A key update in the final recommendations of the Financial Stability Board's (FSB) Task Force on Climate-related Financial Disclosures (TCFD) is a call to link climate-related risks and disclosure play in remunerations.
Shell criticised for climate votes at AGM
Royal Dutch Shell has failed to sufficiently disclose what it is doing to mitigate climate change at its annual general meeting (AGM), said UK sustainable asset manager and Shell shareholder Rathbone Greenbank Investments.
Investors should vote against BP and Shell remuneration packages, says ShareAction
Pressure group ShareAction is calling on investors in BP and Royal Dutch Shell to vote against remuneration packages at the oil majors, which they believe incentivises high-risk fossil fuel strategies.
'The irresistible force'
Investors are increasingly demanding that companies disclose material climate risks. CalPERS' Anne Simpson tells Peter Cripps why
How the world's biggest sovereign wealth fund is handling climate risk
Norges Bank's latest responsible investment report shows environmental issues are still the key driver for engagement and divestment. Sophie Robinson-Tillett reports.
COP blog: investors raise their voices on climate change
With so much time and energy focused on COP21, stakeholders might be forgiven for thinking that Paris is the endgame.
BP chairman urges policymakers to put price on carbon
The chairman of oil giant BP has used the firm's annual general meeting (AGM), held yesterday, to call for governments to impose a carbon price in what climate-change activists have called a "game changing day".
BP follows Shell in supporting investor climate resolution
Oil giant BP has joined Royal Dutch Shell in backing shareholders' demands for more emphasis on the move to a low-carbon economy.
Shell bows to investor pressure over carbon disclosure
Royal Dutch Shell has caved in to demands from shareholders that it increases reporting on its carbon management.