Infrastructure fund IFM has secured commitments from the management of its major Australian infrastructure assets to develop science-based greenhouse gas emissions reduction targets.
Shareholder resolutions intended to improve climate risk disclosures by Woodside and Santos are invalid and won't be put to their annual general meetings, the two companies separately advised the ASX today.
Investors should pressure oil and gas companies such as Origin, Oil Search, Santos and Woodside to delink executive bonuses from production and reserve growth, says a new international report.
Insurer QBE has purchased new climate risk software and worked with Deloitte to assess climate risks and opportunities, but will still face a shareholder resolution at its May annual general meeting.
Glencore's new climate change commitments send a strong signal that companies need to demonstrate what they are doing to cut emissions from the use of their products, according to the Investor Group on Climate Change.
The BP Board will publicly report how its business strategy aligns with the Paris Agreement and institutional investors are pushing for other oil and gas companies to do the same.
Investors now rely heavily on environmental, social and governance performance information in their decision-making and a majority of them favour prescriptive accounting standards for it, a new survey shows.