Asset managers accused of 'disturbing hypocrisy' at ExxonMobil AGM

James Phillips
clock
Asset managers accused of 'disturbing hypocrisy' at ExxonMobil AGM

Some of the world's biggest fund managers voted against a shareholder resolution to force ExxonMobil to assess financial risks posed by climate change.

The resolution at the 27 May annual general meeting (AGM) called for the American oil and gas company to publish an annual assessment of the long-term portfolio impacts of a two-degree scenario. The...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions member?

Login

More on Risk Reduction

Bulk annuity providers neglect UK Stewardship Code

Bulk annuity providers neglect UK Stewardship Code

Insurers make errors on if the code applies to them, despite general ESG progress

James Phillips
clock 13 January 2022 • 2 min read
Standard Life managing director of defined benefit solutions Justin Grainger

Imperial Tobacco in £1.8bn buy-in with Standard Life

Biggest buy-in of 2021 so far is Standard Life’s largest deal as business ramps up

James Phillips
clock 13 January 2022 • 3 min read
Updated: The biggest buy-ins and buyouts since 2007

Updated: The biggest buy-ins and buyouts since 2007

Professional Pensions rounds up the largest block transfers of liabilities to insurers

Professional Pensions
clock 13 January 2022 • 1 min read
Trustpilot