World’s largest asset manager says climate-related and social shareholder proposals are becoming too prescriptive at US firms
Activist investor claims splitting Shell's renewables business away from fossil fuels divisions could deliver faster emissions cuts, but Shell argues break up would harm energy transition
World's biggest asset manager urges firms to set rigorous decarbonisation goals or risk being voted against at board meetings as it sets out shareholder expectations for 2021
Group of 117 institutional investors file resolution urging bank to phase out fossil fuel financing in compliance with the Paris Agreement
Resolution's narrow defeat – at 49.6 per cent – sends a clear sign to bank that investors are increasingly displeased with its approach to fossil fuel investment.
While some investors welcomed the latest net zero pledge from a leading oil giant, others believe yesterday's announcement was a 'clear attempt to stave off a shareholder rebellion at its AGM'