MUFG

23% of shareholders backed a resolution to align MUFG with the Paris Climate Agreement July 2, 2021 Mitsubishi UFJ Financial Group (MUFG) shareholders have defeated a proposal to better align the business with global climate change targets, but the 23% of shareholders who voted in favour of the resolution have sent a “stark climate warning” […]

Read More
1.5, degrees, Celsius, Paris, Climate

G7 indexes falling short as countries support TCFD June 18, 2021 A new report written by the United Nations Global Compact (UNGC) and CDP ahead of the Group of 7 (G7) and the UNGC leaders summit has found that the G7 stock indexes are on temperature pathways of 2.95 degrees Celcius or higher. Titled, ‘Taking […]

Read More
Biden returns US to Paris Agreement and appoints proxy voting advocate

Allison Herren Lee takes the top regulatory job Joe Biden has already shown his commitment to acting on climate change, bringing the US back into the Paris accord and appointing Allison Herren Lee as acting chair of the Securities and Exchange Commission (SEC). Just hours into his presidency on January 20, Biden wrote to the […]

Read More
HSBC shareholders urge bank to cut exposure to fossil fuels

Investors file resolution calling on bank to publish strategy and targets Some of Europe’s biggest pension funds and asset managers have filed a shareholder vote urging HSBC to cut its lending linked to fossil fuels. Fifteen institutional investors with a combined $2.4trn in assets under management, along with 117 individual shareholders, have filed a climate […]

Read More
UK government urges finance firms to make net-zero pledge

UK government urges private finance firms to make net zero pledge Finance is a central theme in the race to net zero The UK government is calling on privately owned financial institutions to commit to a net-zero carbon future. Speaking at the Green Horizon Summit in London last week, UK business secretary Alok Sharma said […]

Read More
China and Russia join push on climate change action

China and Russia join push on climate change action International momentum is building around the race to net zero The impact of climate change seems to be resonating with the leaders of Russia and China who have committed to significant targets. President Vladimir Putin has signed a decree ordering Russia to work towards the goals […]

Read More
China announces aim to be carbon neutral by 2060

China announces aim to be carbon neutral by 2060 China has pledged to achieve carbon neutrality by 2060 in an ambitious statement by a country that currently burns half the world’s coal. In perhaps the most significant positive climate development since the 2015 Paris Agreement, President Xi Jinping announced at the UN’s General Assembly that […]

Read More
Industrial companies largely ignoring climate risks

Industrial companies largely ignoring climate risks The world’s largest industrial companies have been warned they have been “too slow” in curbing their carbon emissions. The warning comes as a major report reveals less than a fifth of these high-emitting corporations are on track to meet the critical 2°C global warming target set by the Paris […]

Read More
Investors US climate

Investors turn up the heat on US climate laggards 200 of the world’s leading investors have written to major US corporations urging them to align their climate lobbying with the goals of the Paris Agreement. The joint letters, sent on behalf of the Investor Expectations on Corporate Climate Lobbying group, which includes BNP Paribas Asset […]

Read More