Why we should abandon climate engagement with oil and gas firms
Joel Moreland, principal consultant Social and Environmental Finance argues that there is little benefit in engaging with oil and gas firms on climate targets
Activism
Shareholder victory: Barclays to cease funding new fossil fuel projects
Barclays, one of the five largest banks in Europe has confirmed today that it will no longer fund new oil and gas projects, a move that was welcomed by activist shareholders
Dutch pension fund divests €2.8bn from Shell, BP and other fossil fuel firms
PFZW, the €237.8bn pension fund for workers in the Dutch healthcare and welfare sector has confirmed that it has now sold off the bulk of its fossil fuel holdings, including positions in Shell, BP and Total Energies
Exxon’s case against activist shareholders highlights new stewardship challenges
Oil giant Exxon Mobil is taking its shareholders to court over their climate activist resolution for this year’s AGM. What are the implications for climate stewardship?
NZI with Mona - Fredric Nyström
Fredric Nyström, head of sustainability and governance at AP3 sits down with Mona to discuss why the fund backs an activist resolution at Shell and the need for a just transition in mining
Follow This ditches 2030 deadline ahead of Shell AGM
Campaign group Follow This has revealed that its resolution for the 2024 Shell AGM will abandon a hard date for interim targets and focus on the broader adoption of Scope 3 reporting
Swedish pension giant in the firing line over Saudi Aramco holding
Swedish pension fund AP7, which manages around $87.6bn in assets, has come under criticism from environmental campaigners over its investments in Saudi Aramco
UK asset owners join London CIV’s call for wider adoption of pass-through voting
A coalition of investors representing over £250 billion in assets has teamed up with LGPS pool London CIV to call for a wider adoption of pass-through voting by asset managers
Fossil fuel phaseout discussions heat up at COP28
While COP28 president and oil baron Jaber stirs controversy, investors hope that some kind of phaseout deal is still within reach
After mass-divestment of oil and gas, AP Pension plans to ramp up wind and solar allocations
Danish pension giant AP Pension is coming down hard on fossil fuel firms, removing dozens of oil and gas companies from its investment portfolio. Responsible investment head Anna Maria Fibla Moeller explains the pension's new energy strategy
The rise of split voting– is the onus now on asset owners?
Does the growth of split voting options mean that the onus for climate stewardship is now on asset owners?
