The water sector regulator, Ofwat, has fined Thames Water the maximum automatic penalty it can of £8.55m for admitting in this year’s report and accounts that it will miss its leakage reduction targets for the first time 11 years. …
Read MoreAmerican companies, responsible investment campaigners and city mayors have voiced their support for the Paris climate change agreement after President Donald Trump confirmed he would withdraw the US from the accord. During his election campaign last year Trump had …
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…
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Tesco, the UK’s largest retailer by sales, to commit the company to use 100% renewable electricity by 2030, which the responsible investment pressure group, ShareAction, said was partly due to the influence of investors.
Tesco has become one of
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Oil giant Shell is facing a shareholder resolution at its AGM next week (23rd May) calling for it to set and publish targets for reduction of its greenhouse gas emissions (GHG) that are aligned with the Paris Climate Agreement goal …
Read MoreResponsible investment pressure group, ShareAction is calling on investors to oppose the executive pay policies of oil companies, Shell and BP, arguing that they are not aligned with the long-term interests of shareholders.
ShareAction said that the remuneration for
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Nearly half of Fortune 500 companies—48%—have at least one climate or clean energy target, according to a report from WWF, Calvert Investments, CDP and Ceres. This is up 5% from an earlier 2014 report.
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Guidance on Stewardship Code for institutional investors in Japan to perform their duties effectively has been published by the Principles for Responsible Investment (PRI), the United Nations Environment Programme Finance Initiative (UNEP FI) and the Generation Foundation as part of …
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The United Nations Environment Programme (UN Environment) and the World Bank have launched a summary of their Roadmap For A Sustainable Financial System. The aim is to have a final roadmap agreed by October this year.
This …
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Legal & General Investment Management (LGIM) will be using its shareholder vote at company AGMs to put pressure on companies to take action to respond to climate change and demonstrate they are taking measures to move to a low carbon …
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