Some of UK's largest pension schemes and fund managers have called on Anglo American, Glencore and Rio Tinto to be more transparent over climate change risks.
The investors which are responsible for more than $8trn (£5.54trn) of assets have backed shareholder resolutions against the companies, which will be held at their respective annual general meetings (AGM) later this year.
In a filing from 1 February posted on the Local Authority Pension Fund Forum's (LAPFF) website, the investors from all around the globe expressed their concerns as part of the ‘Aiming for A' investor coalition.
The group first announced last December that it would be filing the resolutions at the mining companies, just days after a deal was agreed by global leaders in Paris to cut carbon emissions and limit a rise in global temperatures to less than two degrees.
For the first time in the UK, investors backing an AGM resolution made up 5% of a company's voting shares - in this case Anglo American's.
Also for the first time, more than 100 co-filers that have Rio Tinto as part of their main investment portfolio supported the resolution.
There were eight co-filers across the UK's ten largest pension funds and ten largest asset managers including BT Pension Scheme, Railpen, Universities Superannuation Scheme, Aviva Investors and Schroders, Aegon Asset Management, Amundi Asset Management, AXA Investment Managers and BNP Paribas Investment Partners.
Schroders co-filed across the largest number of Anglo American shares. Its global head of stewardship Jessica Ground said: "We have been engaging with companies for some time on these issues and having a constructive dialogue. By co-filing and working with 'Aiming for A' we are supporting a more transparent and public discussion of these risks."
On the public sector side, local government funds belonging to the LAPFF made up half of the largest co-filers by shares held at Anglo American, with 18 funds co-filing across the three companies.
LAPFF chairman, councillor Kieran Quinn said: "Since co-filing the first strategic resilience resolutions in 2015, there has been a step-change in investor confidence. We are now seeing the larger pension funds and fund managers stepping forward to co-file. Part of this is testament to the positive engagement undertaken by the coalition and in-kind response from the company chairmen and boards."
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