Tesco renewable electricity target by 2030

Tesco renewable electricity

Tesco, the UK’s largest retailer by sales, to commit the company to use 100% renewable electricity by 2030, which the responsible investment pressure group, ShareAction, said was partly due to the influence of investors.
Tesco has become one of the latest major companies to join the global RE100 initiative and  ShareAction has been among those engaging with Tesco to encourage it to take this step.… Read the rest

Shell faces shareholder resolution for greenhouse gas targets

Shell

Oil giant Shell is facing a shareholder resolution at its AGM next week (23rd May) calling for it to set and publish targets for reduction of its greenhouse gas emissions (GHG) that are aligned with the Paris Climate Agreement goal of reducing global warming to two degrees celsius.… Read the rest

Trump puts off decision on Paris climate change agreement

US Paris Climate Change Agreement

Following recent concerns that US could pull out of the Paris climate change agreement, President Trump has put off his decision on this until he returns from the G7 group meeting being held at the end of the month.

Sean Spicer, the White House Press Secretary, said recently that the President had been meeting with his team for quite a while and wanted to continue to meet with them.… Read the rest

ShareAction: Investors to oppose BP and Shell’s pay policies

BP remuneration policy

Responsible investment pressure group, ShareAction is calling on investors to oppose the executive pay policies of oil companies, Shell and BP, arguing that they are not aligned with the long-term interests of shareholders.
ShareAction said that the remuneration for executives at both oil companies is rewarding the achievement of corporate strategies which could put shareholder value at risk as the economy shifts towards low carbon energy production.… Read the rest

Fortune 500: clean energy target increase

US climate change clean energy

Nearly half of Fortune 500 companies—48%—have at least one climate or clean energy target, according to a report from WWF, Calvert Investments, CDP and Ceres. This is up 5% from an earlier 2014 report.

Power Forward 3.0 also found that the top companies the Fortune 100 continue to take the lead in tackling climate change with 63% of Fortune 100 companies have set one or more clean energy targets.… Read the rest

Guidance on stewardship code in Japan published

Japan corporate governance code

Guidance on Stewardship Code for institutional investors in Japan to perform their duties effectively has been published by the Principles for Responsible Investment (PRI), the United Nations Environment Programme Finance Initiative (UNEP FI) and the Generation Foundation as part of its series on Fiduciary Duty in the 21st century.… Read the rest

UN Environment and World Bank launches Sustainable Finance plan

United Nations Environment World Bank sustainable finance

The United Nations Environment Programme (UN Environment) and the World Bank have launched a summary of their Roadmap For A Sustainable Financial System. The aim is to have a final roadmap agreed by October this year.

This latest publication forms part of the UN Environment inquiry into the design of a sustainable finance system that has been running since 2014 and has a mandate to continue until the end of 2017.… Read the rest

LGIM to use vote to put pressure on firms to take climate change action

LGIM climate change

Legal & General Investment Management (LGIM) will be using its shareholder vote at company AGMs to put pressure on companies to take action to respond to climate change and demonstrate they are taking measures to move to a low carbon economy.… Read the rest

UK businesses and government should do more on human rights

UK human rights business

The UK government should impose a duty on all companies to prevent human rights abuses with the failure to do so becoming an offence, the parliamentary joint committee on human rights has recommended in its report on human rights and business.… Read the rest

Global sustainable investment assets rise sharply

Global Sustainable Investment Alliance

The Global Sustainable Investment Alliance (GSIA) has released its biennial Global Sustainable Investment Review 2016, which shows that global sustainable, responsible and impact (SRI) investment assets reached $22.89 trillion at the start of 2016,  25% more than in 2014.

The report brings together the findings of the sustainable investment forums from Europe, the United States, Canada, and Australia and New Zealand.… Read the rest