Archive

HSBC faces shareholder call for green finance transparency

A group of HSBC shareholders - including Royal London Asset Management, La Francaise Asset Management and Axiom Alternative Investments - has called on the bank to explain how it will meet its target to extend $1 trillion for sustainable finance.

HSBC shareholders vote resoundingly for 2040 coal phase-out

More than 99% of HSBC shareholders backed a resolution put forward by the bank's management that the company phase out financing for the coal industry in the OECD by 2030, and by 2040 worldwide.

BlackRock, Vanguard climate and social voting records continue to disappoint

Asset managers' proxy voting record on shareholder resolutions for climate and social issues continued to disappoint in 2020, according to a report by ShareAction, with US giants BlackRock, Vanguard and Capital Group among the worst performers.

News Round Up: HSBC financing criticised, GE net-zero pledge, TPI growth surge

Total becomes next oil major to feel shareholder climate pressure

French supermajor Total has become the latest oil firm to face rising pressure from shareholders at its annual general meeting (AGM) over it environmental ambitions.

Total makes net-zero pledge after investor pressure

French oil major Total has become the latest oil and gas major to announce its ambition to be net-zero emissions by 2050, after pressure from investor groups.

HSBC closes coal project funding loophole as pressure mounts

HSBC has closed a controversial loophole which allowed the bank to continue to fund coal projects in three countries, but campaigners continued to push for coal funding to be withdrawn altogether.

Barclays' new targets won't cause pension funds to drop climate resolution

Two UK local government pension funds announced they will vote in favour of Barclays' proposed net-zero emissions ambition resolution, but will still back a climate resolution pressuring the lender to strengthen its commitments.

Total faces shareholder resolution to reduce carbon emissions

A group of 11 investors have filed a shareholder resolution at Total, calling on the oil major to set carbon emission reduction targets in line with the Paris Agreement.

Major shareholder Jupiter supports Barclays fossil fuel funding resolution

Jupiter Asset Management has joined the swelling ranks of investors supporting a shareholder resolution calling on Barclays to phase out its funding for fossil fuel firms.