NY pension fund stirs climate action from eight companies

Eight US corporations have acted to address climate-related risks following shareholder proposals from…

ESG

NY fund files ESG shareholder proposal with Twitter

The trustee of the New York State Common Retirement Fund has filed shareholder proposals at eight companies…

ESG

NY fund invests $2bn in FTSE TPI climate index

The New York State Common Retirement Fund will invest $2 billion in a FTSE Russell and Transition Pathway…

ESG Data,Investment

New York State pension fund targets shale firms amid further coal investment exits

The $255 billion New York State Common Retirement Fund is evaluating whether to restrict investment in…

Carbon,Debt,Equity,Investment,Stranded Assets

News Round Up: NY State Retirement Fund, Ambienta

NY State Pension Fund to divest from 'risky' oil and gas companies

The $226 billion New York State Common Retirement Fund is moving to divest from the 'riskiest' oil and…

Investment,Stranded Assets

CA100+ ups pressure on corporates to align lobbying with Paris Agreement

Institutional investors with a combined $6.5 trillion in AUM have issued "urgent" demands to 47 of the…

ESG

Exxon seeks to block shareholder proposal

ExxonMobil is trying to block a shareholder proposal in which investors call on the oil giant to account…

Investment,Policy,Stranded Assets

Investors with $1.9trn slap Exxon with new climate resolution

Investors have issued a fresh set of demands on oil and gas giant ExxonMobil, this time calling on it…

ESG,Equity,Stranded Assets

New York State pension fund commits extra $2bn to low-carbon index

The $203 billion New York State Common pension fund has doubled its exposure to its own low-carbon index…

Carbon,ESG,Equity,Investment

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…

Carbon,Investment

NY State Common and NY City Pension Funds make plans to cease fossil fuel investments

Both the $200 billion New York State Common pension fund and the $181 billion New York City Pension Funds…

Investment,Renewables

Shareholder action forces oil giant Exxon to increase climate disclosures

ExxonMobil is to start publishing reports on how policies to reduce global warming affect its profits,…

Investment,Renewables,Stranded Assets

Shareholders are increasingly using their muscle on deforestation

Most shareholder resolutions on deforestation led to some form of commitment from the company to address…

Investment

Comment: There is no 'Trump dump' for environmental finance

President Donald Trump reaffirmed his decision to pull the US out of the Paris climate agreement at this weekend's G20 meeting in Hamburg.

ESG,Investment,Policy

Shareholder climate success at Exxon

A shareholder resolution calling for ExxonMobil to do more to tackle climate change received a significant…

Carbon,Corporate,Investment

Exxon board fights climate resolution

ExxonMobil's board has refused to support a climate change resolution backed by investors with over $10…

Corporate,ESG

$13trn of investors call on G20 to act on Paris agreement

An investor coalition representing $13 trillion of assets has urged the G20 to ratify the Paris climate…

Investment,Policy

Investors representing $6trn back climate change resolution at ExxonMobil

Investors representing $6 trillion of assets under management (AUM) have thrown their weight behind a…

Equity,Investment,Stranded Assets

Leading the chargeComment

The historic Paris climate change agreement has underlined what is arguably the biggest challenge faced by financial markets in a generation, says Peter Cripps

Carbon,Investment,Policy