The People’s Pension moves £28bn from State Street citing stewardship misalignment
The master trust has significantly scaled back its investments with State Street, amid a wider push to exercise more control over its investment portfolio
Stewardship
NZI with Mona -BP’s transition strategy with Nick Mazan
Rumours are mounting that BP might sell off its clean energy business. Nick Mazan, UK company lead at ACCR sits down with Mona Dohle to discuss why a group of investors are pushing for a vote on the oil giant’s climate strategy.
BP’s chance for real capital discipline
BP faces growing investor pressure for capital discipline. Ahead of its capital markets day, Nick Mazan of ACCR argues that being prudent with new investments can align with net-zero goals
BP investors push for a vote on climate goals
Ahead of BP’s capital markets day next week and amid hedge fund Elliott taking a major stake in the oil giant, long-term shareholders are calling for a vote on the firm’s climate strategy
Stewardship divergence: US managers scale back support for climate resolutions as Europe doubles down
Voting patterns among the world’s largest asset managers show clear signs of divergence, with US managers drastically scaling back their support for climate resolutions, despite demands from British and European asset owners to hold the line on climate
‘Holding managers accountable’ - $1.5trn asset owner coalition sets out new guideline on stewardship alignment
Will a new statement put out by 26 major asset owners help avert the U-turn on climate among some managers? Net Zero Investor caught up with some of its initiators to find out more
Asset owners revise manager relations after NZAM exits
Behind the wall of silence, asset owners are busy working out what the exits mean for them
Asset owners focus on climate adaptation as heat rises
Donald Trump’s return to the White House highlights the need for asset owners to factor in climate adaptation, as well as mitigation
NZI with Mona - NZBA exits with Jeanne Martin
With leading US and Canadian banks announcing their departures from the Net Zero Banking Alliance, NZI editor Mona Dohle speaks to Jeanne Martin, head of the Banking Programme at Share Action about the role could investors could play in holding banks accountable on climate action.
BlackRock exits NZAM climate alliance amid growing political pressure
BlackRock has announced its departure from the Net Zero Asset Managers (NZAM) initiative following increasing pressure from Republican politicians over its climate efforts.