Tag: ShareAction

Banks’ low-ambition and incoherent climate targets put net zero goals at risk – new ShareAction analysis

Stuart Mitchell

Fresh analysis published by responsible investment NGO ShareAction has exposed low-ambition and incoherent climate targets at Europe’s 20 largest banks. This means banks are unlikely to succeed in shifting enough financing away from fossil fuels and toward renewable power, green infrastructure and technologies at the speed and scale needed to prevent a dangerously heated world. The research, which analysed both targets for reducing emissions from financing activities and targets for increasing sustainable finance, found that overall banks’ decarbonisation targets are too narrow, their sustainable finance targets are not rooted in…

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Investors urged to strengthen approach to protect key areas for biodiversity conservation

Stuart Mitchell

ShareAction, the responsible investment charity, and UN Environment Programme World Conservation Monitoring Centre (UNEP-WCMC), have launched a new report setting out how investors should strengthen their approach to protect some of the world’s most important biodiversity-rich areas. The guidance highlights the critical role investors need to play to help halt and reverse biodiversity loss through their investment policies, capital allocation and portfolio stewardship processes. The report focuses on the particular approach needed when investing in or near areas that have been designated as protected by governments, due to their rich…

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The climate impact of fertilisers – and ShareAction’s challenge to Europe’s biggest fertiliser company

Stuart Mitchell

ShareAction has worked with investors of Europe’s largest fertiliser company to trigger an important shareholder vote on whether the company should take stronger action to reduce its huge carbon emissions. But does fertiliser, the kind you’d use in flowerbeds and farmers spread on their crops, really have that much of an impact on climate change? And how could this vote – or ‘resolution’ – change anything? ‘Filing a resolution’ allows investors to escalate a particular issue to the company directors and other shareholders – who can all then vote on…

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ShareAction launches new series of guidance manuals to raise responsible investment best practice

Stuart Mitchell

ShareAction, the responsible investment charity, is today publishing the first in a series of guidance manuals that set out standards and expectations for responsible investment practices by asset managers across specific topics. This follows the launch last week of the charity’s ambitious new definition for responsible investment, which calls on institutional investors to take responsibility for the adverse real-world impacts of their investments on society and the environment. It describes four key principles for responsible investment: transparent, embedded consistently across all activities, considers negative and positive impacts on people and…

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ShareAction challenges finance sector to adopt ambitious new definition of ‘responsible investment’

Stuart Mitchell

ShareAction, the charity campaigning for responsible investment, has today launched a new definition of ‘responsible investment’ in a bid to raise standards across the financial sector and help prevent greenwashing and misleading claims. This definition represents a step-change in ambition beyond ESG investing and actively calls on institutional investors – pension funds and other asset owners, asset managers, insurers and banks – to take responsibility for the real-world impacts of investments on people and planet. ShareAction has identified systemic issues holding back the investment industry’s potential to act on pressing…

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