Archive

People Moves, 18 October: Rebalance Earth, AXA IM, PIRC, Revaia

Shell 'in denial' about global transition, warns PIRC

Shell is "in denial" about the global transition to net zero, proxy advisor PIRC told Environmental Finance following the oil giant's rowback on fossil fuel production targets.

Absolute versus intensity targets. Part two

Investors often leave companies to decide which type of target is most appropriate for their business. Genevieve Redgrave reports

Absolute versus intensity targets

Investors are increasingly calling for companies to adopt absolute emissions reductions targets, but intensity targets continue to dominate, at least for now. Genevieve Redgrave reports

PIRC calls on investors to oppose Glencore climate report

Proxy advisor Pensions and Investment Research Consultants (PIRC) has recommended that investors oppose mining and commodities trading giant Glencore's climate progress report over the inadequacy of its current targets and plans.

CA100+ investors to back shareholder resolution at Shell

Shareholders at oil giant Shell have announced plans to back a shareholder resolution at its upcoming annual general meeting pressuring the company to address climate risks.

BP faces shareholder rebellion over climate action climbdown

BP is to face a growing shareholder backlash at its AGM today over concerns the oil giant is scaling back its climate ambition.

Climate-linked executive pay-outs 'fundamentally flawed'

Current attempts to link executive pay to climate change targets are "fundamentally flawed" and investors should look to encourage a move away from their use, according to investment advisory firm Pensions & Investment Research Consultants (PIRC).

PIRC warn of 'socialwashing' from corporate workforce surveys

Proxy adviser PIRC has warned that the reporting of "deceptive" employee engagement scores by large European companies amounts to 'socialwashing'.

Amazon faces first US tax transparency shareholder filing

Online retailing giant Amazon is facing calls to disclose its global tax practices, after three institutional investors and a leading proxy advisor backed the first US tax transparency shareholder resolution.