Archive

People Moves, 21 March: EQT, Transition Finance Council, Danske Bank, EIFO ... and more

Investors worth £5trn push BP for a 'say on climate', amid concerns it will abandon 2030 target

A group of institutional investors has urged BP to hold a shareholder vote on its climate transition plans, amid "concern" at reports the oil and gas company will abandon a key decarbonisation target.

UK makes pitch to lead world in transition finance with launch of council

London stands to become "the preeminent financial hub for transition finance" if a new Transition Finance Council is successful, according to its chair and former president of the COP26 climate conference, Alok Sharma.

UK government mulling how ISSB reporting will square with its growth objectives

The UK government is preparing to consult on which aspects of the International Sustainability Standards Board (ISSB) standards it should adopt and is weighing how to ensure new reporting requirements do not impinge on its 'growth' agenda.

Pension fund calls on Brunel to divest Shell holdings

Asset manager neglect of climate adaptation leads Brunel to take engagement 'into own hands'

UK pension pool Brunel has begun an engagement programme with 20 companies in the consumer staples sector asking them to prioritise investment in climate adaptation measures, as it said asset managers were failing to do so.

Listing rules change will raise cost of capital for UK business, asset owners warn

People Moves, 5 April: Brunel Pensions, Railpen, Actis, EFRAG, TNFD and more

Don't demonise high emitting companies that disclose Scope 3, says pensions group

Investors risk "misallocating capital" if they unfairly punish high-emitting companies that disclose their Scope 3 emissions, as these will often make them look worse than peers that fail to disclose, a senior figure at a UK pensions group has warned.

Asset managers' climate stewardship needs to be 'dismantled', says pension fund

An analysis of asset managers' voting records on climate resolutions at oil and gas companies has triggered one of the UK's biggest pension funds to call for a "complete dismantling" of the industry's approach to stewardship.