Institutional investors in Rio Tinto, have filed a resolution calling on the mining group to cease membership of the Minerals Council of Australasia (MCA) which they believe is primarily a lobby group for the coal industry. Rio Tinto will hold its UK AGM in April and its Australian AGM in May. The shareholder action has […]
Read More
The EU’s High-Level Expert Group (HLEG) on Sustainable Finance, set up by the European Commission in December 2016, has produced its final recommendations. The Commission has pledged that these proposals will form part of its sustainable finance action plan that will be discussed at a conference in Brussels in March. The HLEG made recommendations across […]
Read More
The 2018 State of Green Business Report – produced by GreenBiz and Trucost – stated that the corporate carbon emissions of the largest 1,200 global companies and the largest 500 US companies fell in 2016 reaching the lowest level in the past five years, as a result of a switch to cleaner fuels. There have also […]
Read More
Global mining and oil company BHP said it intends to pull out of the World Coal Association (WCA) over its position on climate change. This follows the publication of a review of industry associations that have an active position on climate and energy policy analysing if these views are materially different to its own position. The report […]
Read More
Responsible investment pressure group ShareAction has welcomed the UK government’s interim response to recommendations made by the Law Commission earlier this year which concluded that there were no legal or regulatory barriers to pension funds, whether defined contribution or defined benefit, making investments that support the wider social good. In the joint response document, the Department for […]
Read More
The Task Force on Climate-Related Financial Disclosures (TCFD) has revealed it has public support from 237 companies with a combined market capitalisation of over $6.3 trillion, which includes 150 financial firms responsible for assets of over $81.7 trillion. The TCFD announced the growing support at the One Planet Summit hosted by French President Emmanuel Macron, […]
Read More
UK pension fund trustees who want to fulfil their fiduciary duty should be able to implement their environmental, social and governance (ESG) policies and challenge their investment advisers on these issues according to The Pensions Regulator (TPR). The regulator issued a range of guidance, including on investment strategy, for defined contribution schemes last year and has […]
Read More
Pension plans across Europe believe environmental, social and governance (ESG) will become an increasingly important part of their investment strategies according to a recent survey by Create Research. The research included a survey of 161 pension plans with total assets of €1.71 trillion and more in-depth interviews with 30 senior executives. The author, Professor Amin Rajan, wanted […]
Read More
Nearly half (47%) of UK staff can achieve higher environmental, social and governance (ESG) standards without sacrificing profitability, according to research carried out by Opinium on behalf of the Better Society Awards and Citigate Dewe Rogerson. The online survey which questioned a panel of respondents comprising owners, chief executives and directors as well as other staff, also revealed […]
Read MoreShareholders back management on climate change Shareholders in oil giant Shell overwhelmingly gave their backing to management and its approach to planning for a transition to a low carbon economy at its AGM this week (23rd May). The voting results show that only 6.3% of investors supported the shareholder resolution calling for it to set and publish […]
Read More