SWEDEN - The e17.3bn Forsta AP-fonden (AP1) will vote in favour of two shareholder resolutions on environmental responsibility at the AGMs of General Electric and ChevronTexaco.
The GE resolution urges the company to disclose the amount they have spent on public relations, attorneys fees and lobbying in order to avoid paying for the health and environmental consequences of discharges of large quantities of PCBs.
The US Environmental Protection Agency has ruled that GE pay for discharges in places such as New York’s Hudson River. GE is fighting that ruling.
The second resolution requests that ChevronTexaco report on how the company will address the health and environmental consequences of activities in Ecuador. ChevronTexaco is currently on trial in Ecuador, facing allegations of dumping toxic waste. This resolution was written by the New York State Common Retirement Fund.
Both AGMs take place in the US. AP1 will vote electronically on both measures.
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.