The investor pressure on oil and gas companies to address climate change as seen in the latest proxy voting season has mounted like never before. In May, BP shareholders, representing over 99% of the votes, passed a resolution asking the company to align its business strategy and investments with the Paris Agreement. When a similar resolution was blocked by Exxon, who had asked the U.S. Securities and Exchange Commission to reject it, investors urged a vote to split the chief executive officer and board chairman roles as protest.Read More
With their widespread use across multiple sectors, from construction and infrastructure to energy and transportation, cement and steel are central to modern economy. They are also inherently energy and carbon-intensive. Taken together, those two sectors account for up to 15% of global CO2 emissions, and as the world’s population grows, emissions are only projected to increase.Read More
On behalf of institutional investor clients, Engagement International has evaluated and engaged with the 100 listed companies that contribute the most to climate change since the Paris Agreement was adopted in December 2015. Through in-person meetings and conference calls every six months over the past three years, we seek to encourage the companies to align their business with the well-below two-degree goal. This blog is the first of a climate series, in which we will discuss the premise and results of the engagement project “Top 100 Climate Change Contributors” (Top100CCC).Read More
ESG Engagement is mostly used for responsible investment in listed equities. However, according to a new report from PRI, engagement can also be beneficial, when it comes to corporate bonds. Read more in the latest Økonomisk Ugebrev article (in Danish).
Companies with higher ESG ratings tend to show improved financial performance, according to a new report from MSCI ESG Research. Read about the main conclusions in a new Økonomisk Ugebrev article (in Danish).
Exclusion of more than a handful of companies due to ESG incidents has a negative impact on the risk-adjusted financial return, according to the analysis from MSCI ESG Research. Read the article about the main results in Økonomisk Ugebrev (in Danish).