Sector Focus
May 24, 2023
International Airlines Group: US green strategy ‘winning’ over EU approach
The head of sustainability at IAG, owner of the British Airways and Iberia carriers, says the early disbursement of EU incentives would help to reduce...
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May 23, 2023
Bank targets should account for all facilitated capital markets emissions, says ShareAction
Disagreement among banks over the weighting of facilitated emissions threatens to lead to a watering-down of the Partnership for Carbon Accounting Financials’ framework, according to...
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May 22, 2023
Will litigation against big oil mimic big tobacco’s court battles?
Oil and gas majors’ alleged prior knowledge of fossil fuels’ contribution to global warming is drawing parallels with how the tobacco industry dealt with the...
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May 17, 2023
Call for JPMorgan transition plan garners 35% support at AGM
A proposal to disclose JPMorgan Chase's climate transition plan was ultimately blocked but it received record support from shareholders as the large fossil fuel financer...
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May 16, 2023
Sell-off of oil majors’ fossil fuel assets may drive up emissions, says research
Oil and gas giants are offloading fossil fuel assets in a bid to bring down their carbon footprints, according to new academic research, but sales...
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May 11, 2023
Directors’ personal liability insurance cover in limbo over climate litigation
A rise in ESG-related lawsuits and increased scrutiny of board directors’ responsibilities for climate disclosure obligations are revealing grey areas in management liability policies. Company...
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May 11, 2023
Top asset managers fail to monitor human rights in their investments, says ShareAction
Almost two-thirds of the biggest asset managers do not regularly review human rights issues in investments’ supply chains, says non-profit ShareAction, and a fifth only apply social policies to ESG-labelled...
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May 10, 2023
IEEFA slams Eni for ‘carbon bomb’ gas field plan following sustainability-linked bond issuance
Think-tank says the deal to develop a major gas field in Australia contradicts the Italian energy giant’s carbon reduction pledges. Italian energy company Eni’s plans to develop a gas field...
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May 9, 2023
Financial service coal divestment policies double over three years
With the number of financial institutions divesting from coal doubling between mid 2019 and the end of 2022, think-tank IEEFA says it is European companies that are leading the way....
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May 3, 2023
BP ‘profiting from cost of living crisis’, says think-tank
The IPPR has accused BP of ‘driving up prices and profits’ after the oil major beat profit expectations for the first quarter. After the release of oil major BP's quarterly...
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May 3, 2023
Investors demand corporate fightback against plastic lobbying
A group of investors has called on companies to reduce their dependence on plastic, while the EU considers new rules to tackle wasteful packaging. Legal & General Investment Management, Federated...
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