Investors predeclare vote against BP chair in protest at climate U-turn
A group of major investors in BP have confirmed that they will oppose the reappointment of the company’s outgoing chair, in protest at the firm’s scaled-back climate ambitions
Stewardship
Follow This pauses shareholder resolutions citing lack of investor support
Dutch campaign group Follow This is not filing any proposals during this AGM season, highlighting growing reluctance among investors to back shareholder activism
NYC comptroller warns managers to improve climate reporting or risk divestment
The New York City Pension Systems have presented their managers with a new deadline on climate reporting, threatening to divest from those who fail to meet expectations
What does BlackRock’s new “energy pragmatism” tell us about net zero investment?
BlackRock CEO and chairman Larry Fink has published his annual letter to investors, with climate change being ominously absent. What does this tell us about the state of net zero investing?
‘We will not retreat one inch’: NYC pension funds double down on climate commitments
New York City comptroller pushes back against a US climate rollback, accusing Trump government of 'climate denialism'
Shell expected to double down on LNG push ahead of capital markets day
Global energy giant Shell is expected to double down on its efforts to expand its liquefied natural gas (LNG) business at tomorrow’s capital markets day in New York
Akademiker terminates DKK 3.2bn mandate with State Street citing ESG concerns
Danish pension fund Akademiker has confirmed the termination of its investments with US manager State Street, amid an increasing debate on stewardship alignment between long-term asset owners and US managers
Tesla shares in the rearview as pension funds shift into reverse
Pension funds have been falling out of love with Tesla shares amid growing concerns over governance and valuation, with some questioning whether the firm is still ‘a leader in the green transition’
Bedfordshire pension fund adopts pass-through voting, opening door for wider LAPFF rollout
Bedfordshire Pension Fund has adopted pass-through voting—an initiative that offers other LAPFF members the potential to scale up their stewardship efforts
European pension funds diverge on climate voting
Swedish funds consistently achieve high climate alignment, whereas UK and Dutch funds tend to lag, with Danish and Swiss funds falling in between
UK master trust seeks pension minister’s backing to review fiduciary duty
NatWest Cushon master trust is pushing to review the concept of fiduciary duty, the initiative is welcomed by the newly appointed pensions minister
