News

News round-up: KLP, National Pension Service of Korea, Pioneer Point and more

Total secures shareholder backing for controversial climate strategy

People Moves 28th May

HSBC shareholders vote resoundingly for 2040 coal phase-out

More than 99% of HSBC shareholders backed a resolution put forward by the bank's management that the company phase out financing for the coal industry in the OECD by 2030, and by 2040 worldwide.

Six banks launch steel sector decarbonisation working group

Oil firms face significant credit risk amid rising climate action, says Moody's

News round-up: Impax, NZAOA, Credit Suisse and Aviva

CBRE GI grows UK affordable housing fund

CBRE Global Investors has raised a further £120 million ($170 million) for its UK 'affordable' housing fund, having already deployed most of the £250 million of capital it raised in 2019.

Investors give ExxonMobil, Chevron bloody nose over climate policies

US oil supermajors ExxonMobil and Chevron faced a significant investor revolt over their climate policies after a number of shareholder resolutions received majority support at their annual general meetings.

NGFS makes rallying cry for globally consistent climate disclosures, taxonomy

The Central Banks and Supervisors Network for Greening the Financial System (NGFS) has called for "rapid convergence" around a common set of global disclosure standards and accelerated efforts towards "a minimally accepted global taxonomy".