sustainability Archives

Oil company climate change reporting demand gains traction

Shareholder resolutions requesting reporting on how oil companies ExxonMobil and Chevron will adapt to climate change targets received record investor backing at their AGMs last week (25th May), according to US pressure group, Ceres.

The resolution that would have required …

UK’s Equality and Human Rights Commission produces guidance for company boards

The Equality and Human Rights Commission has produced a guide for UK boards to ensure that they are taking human rights seriously and meeting their international obligations.

The guide provides five steps boards should follow to satisfy themselves that their …

Call on Vanguard to join others in responding to a low carbon economy future

Responsible investment advocacy group, ShareAction has called on US asset manager, Vanguard, to demonstrate its commitment to company engagement on climate issues by voting in favour of shareholder resolutions on climate risk at ExxonMobil and Chevron, in an open letter…

Index launched for investors seeking to divest from fossil fuels

The London Stock Exchange-owned FTSE Russell has launched the FTSE Divest-Invest index which will reduce investors exposure to fossil fuel companies while also increasing exposure within the index to companies engaged in the transition to a green economy.

FTSE Russell …

Rio Tinto avoids large pay vote rebellion

Mining group, Rio Tinto, which is dual-listed in the UK and Australia, avoided a large scale rebellion over its remuneration report although there was a higher level of dissension than in previous years. The voting results were announced following the …

Mitsubishi Motors admits to falsifying emissions data in Japan

The share price of Japanese car manufacturer, Mitsubishi Motors, has plunged as the company admitted that incorrect emissions data had been submitted to its government since 1991. Mitsubishi has apologised to shareholders, customers and stakeholders for the deception.

The company …

Oxfam says food companies need to improve supplier practices

The 10 largest global food companies have made commitments to improve social and environmental standards in their vast supply chains, according to anti-poverty charity, Oxfam. However, in an assessment of its three-year ‘behind the brands campaign’ Oxfam also said that …

Principles for Responsible Investment considers impact after 10 years

Although the awareness of responsible investment is growing, implementing the Principles for Responsible Investment (PRI) is still proving a challenge 10 years on, according to an independent report assessing the impact of the PRI which was launched in 2006 as …

Drax faces environmental protests at AGM

Energy company, Drax, which operates the biggest power station in the UK, faced protest from environmental campaigners at its AGM on Wednesday (20 April 16).

Groups including Biofuelwatch and the London Mining Network joined forces to protest about its business …

UN Climate Change Agreement signed this week

The United Nations (UN) held a ceremony at its headquarters in New York for countries to formally sign up to the climate change agreement that was made in Paris at the end of last year. The Paris Agreement enters into …