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ESG news round-up: Calvert joins Morgan Stanley; CofE drops ExxonMobil; HSBC in net-zero pledge

BHP increases climate pressure on industry associations

Anglo-Australian mining giant BHP has enhanced its policy towards industry associations as it looks to ensure its climate lobbying aligns with the Paris Agreement.

Industry standard for tailings dam management launched

A global industry standard on how to manage tailings dams from construction through to closure has been launched, described as an "important milestone" towards ensuring zero harm to people and the environment following a series of disasters.

Consultation opens on climate change lobbying framework

The consultation on a framework to help investors assess the extent to which a company's lobbying is aligned to the Paris Agreement has been opened, after three investors launched the project earlier this month.

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.

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.

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.

COP 26 delay 'could lead to better outcome'

Investors have argued that the postponement of the COP 26 in Glasgow, confirmed by organisers yesterday, could increase the likelihood of a strong agreement being reached at the annual climate summit, when it is finally held.

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