Archive

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.

Ex-NZAM members 'will face higher bar to prove engagement outcomes'

Asset managers will have to work harder to prove to asset owners their commitment to substantive engagement on issues including climate, following their departures from net zero initiatives, according to a UK pension fund.

UK Stewardship Code too open-ended to be useful, pension fund says

Changes to the UK's "gold-standard" Stewardship Code are set to make it too "open-ended" for Nest to ascertain whether fund managers are meeting the pension fund's expectations, it argued.

Mars, Unilever & Nestle warn EU against omnibus sustainability regulation

Business giants Mars, Unilever and Nestle have urged the European Commission against reopening several sustainability rules under a proposed 'omnibus' regulation, saying they risk undermining investment and competitiveness.

Business needs clarity on EU omnibus proposals, NGOs tell von der Leyen

Caution urged over companies' nature-positive claims

It would be a "hard stretch" for organisations to say they are nature-positive, BNP Paribas Asset Management has said, calling on the market to "cautious" in any claims.

Conference round-up: Sustainability Data EMEA 2024

Now in its fifth year, Environmental Finance's Sustainability Data EMEA 2024 in London continues to shine a light on the rapidly expanding and evolving field of ESG data. Peter Cripps reports

Trust in forward-looking data 'needs to be earned'

As corporates are encouraged to provide more forward-looking data by investors and regulators, trust in how such data is produced will have to be earned, attendees at an Environmental Finance conference heard.

Nestlé: We need to set 'reasonable boundaries' on transparency of nature data

"Reasonable boundaries" need to be set on the amount of nature data companies are expected to disclose, Nestlé has said, urging investors to collectively decide what information they need.

UK's Nest appoints Campbell Global for timberland portfolio