The UK Sustainable Investment and Finance Association (UKSIF) has warned the government that climate wavering risks its position as a world leader in sustainable finance.
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The California State Teachers’ Retirement System (CalSTRS) escalated its efforts to hold global companies to account after they did not provide sufficient climate risk disclosures to accurately assess emissions.
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Some of the world’s largest asset managers are far off track on meeting their 2050 net zero commitments, a study by data tool FinanceMap has found, with many failing to improve their climate performance over the past two years.
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Shell faces high dissent on climate May 25, 2023 Climate investors face disappointment as Shell shareholders vote against a resolution to reduce emissions in line with the Paris Agreement. During Shell’s annual general meeting on May 23, shareholders rejected the resolution by a vote of 79.8% to 20.2% according to a preliminary count. This marks another […]
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Mining company Glencore faces increased pressure from investors seeking greater transparency on how its thermal coal production aligns with the Paris Agreement.
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Activist group Follow This files resolutions against oil majors March 2, 2023 International climate campaign group Follow This has filed shareholder resolutions against four of the world’s largest oil and gas companies urging them to take swifter action to cut greenhouse gas emissions. Six institutional asset managers, with a combined €1.3 trillion in assets under […]
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UK SMEs left behind in green reforms February 24, 2023 Nine out of 10 UK SMEs fail to understand how the government’s 2050 net zero targets will affect their business, according to the British Chambers of Commerce (BCC). The survey of 960 SMEs, in partnership with Lloyds Bank, revealed small businesses’ lack of understanding could […]
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UK House of Lords debates transparency improvements for FS bill January 31, 2023 The UK’s House of Lords has debated proposed amendments to the Financial Services and Markets Bill to improve voting transparency. On January 30, the Lords considered revisions to voting reporting, which were recommended by Baroness Sheehan and Baroness Hayman. Earlier this month, […]
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GFANZ criticisms raise fossil fuel divestment debate January 25, 2023 Concerns over greenwashing, and the current reality of fossil fuel investment and divestment, have been raised again in an analysis of the Glasgow Financial Alliance for Net Zero (GFANZ) by a collective of 15 NGOs under the banner of NGO and think tank Reclaim Finance. […]
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GFANZ unveils framework for transitioning companies 30 September 2022 The Glasgow Financial Alliance for Net Zero (GFANZ) has released a new report on transition plan disclosure for real-economy companies, making a case for clarity surrounding “critical components” needed to disclose transition strategies by companies The report leverages existing transition plan disclosure frameworks to help real-economy […]
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