Santos, one of the largest oil and gas producers in Australia, has suffered a huge revolt by shareholders over its strategy on climate change.
At last week’s annual investor meeting, over 43% of Santos shareholders defied the board and …
Read More
Accountants commit to improve corporate climate disclosure
A group of prominent accounting bodies, representing over 2.5 million accountants globally, have signed an “urgent” call to action pushing the profession to agree standards on climate change.
The 14 bodies and 13 …
Read More
Whilst asset owners’ approach to ESG has been slowly shaped by regulatory and best practice influences over time, we have now reached the point that inaction on the topic is no longer possible, according to Sarah Wilson, Minerva’s Chief Executive…
Read More
Asset owners must drive the fundamental changes needed to fight climate change in the next five to 10 years before time runs out, a $4 trillion investor alliance has warned.
The warning, made at the World Economic Forum event in …
Read More
One of the biggest shareholders in the oil and gas industries has stepped up its efforts on environmental issues, with its chief executive calling on companies to do more to combat climate change.
Last week, BlackRock, the world’s largest …
Read More
Significant challenges exist for asset stewards in terms of assessing whether pertinent ESG factors have been identified and integrated into the investment process of their asset managers, according to Niall O’Shea from Discern Sustainability.
At Minerva’s recent ESG Educational Event …
Read More
The CEO of business lobbying giant, the US Chamber of Commerce, has delivered a surprise speech calling for bipartisan action on a number of issues – including climate change.
In a clear departure from its traditional pro-Republican stance, the Chamber’s …
Read More
Major investors demand change at Barclays
A group of investors has filed a landmark shareholder resolution with banking giant Barclays over its financing of fossil fuel intensive companies.
Eleven major institutional investors, including Brunel Pension Partnership and LGPS Central, together …
Read More
Since the global economic meltdown in 2007, the debate over shareholder primacy and who ‘owns’ a company has raged on.
But at no time has the debate been as contentious as today with more stakeholders and industry commentators challenging the view that a corporation should exist principally to maximise shareholder wealth – a notion that was re-popularised by …
Read More