Norway’s $1.35 Trillion Wealth Fund: We Won’t Back Boards Who Fail on Climate February 13, 2023 By Victoria Klesty and Gwladys Fouche Norway’s $1.35 trillion wealth fund will step up its engagement with companies over their management of climate risk by voting...
EU Lawmakers Want to Extend Reach of Draft ESG Oversight of Corporations February 10, 2023 By Huw Jones A panel of European Union lawmakers on Thursday backed an amendment to extend the reach of groundbreaking draft legislation to...
Group of Institutional Investors Back Lawsuit Against Shell’s Board Over Climate Risk February 9, 2023 By Kirstin Ridley A group of European institutional investors is backing a novel London lawsuit against energy giant Shell’s board over alleged climate...
Investor Group Bans Carbon Removal Schemes From CO2 Reduction Plans January 31, 2023 An investor group committed to climate change and controlling $11 trillion in assets has banned members from counting carbon removal...
UK Review Advises ‘Step Change’ in Approach to Climate Change January 12, 2023 By Ellen Milligan The UK needs “a step change” in its approach to slashing carbon emissions if it is to eliminate greenhouse gases...
Environmental, Social and Governance Credit Risks to Rise in 2023: Moody’s January 10, 2023 By Juliette Portala Economic and political turbulence caused by the COVID-19 pandemic and Russia’s invasion of Ukraine will be likely to heighten environmental,...
Australia Proposes Plan to Make Biggest Polluters Slash Emissions January 10, 2023 By Sonali Paul Australia’s Labor government proposed on Tuesday to make the country’s biggest polluters slash emissions by 30% over the next seven...
Major Institutional Investors Ask Glencore to Justify Thermal Coal Development January 6, 2023 By Melanie Burton International investors with $2.2 trillion in assets will ask commodity giant Glencore Plc to show how its development of thermal...
Chubb Launches Global Climate Business Unit January 4, 2023 Chubb announced the launch of a new Global Climate Business Unit, aiming to bring together Chubb units engaged in traditional,...
Allstate Commits to 2030 Net Zero Emissions Goal December 28, 2022 Allstate Corporation announced a commitment to achieve net zero emissions for direct, indirect and value-chain greenhouse gas emissions by 2030....