Statement by Adam Matthews, Church of England Pensions Board & Co-lead for Climate Action 100+ engagement with Royal Dutch Shell, following the publication of their Energy Transition Strategy

The Church of England Pensions Board has today welcomed the move by eight leading energy companies to agree collaborative Principles for the energy transition.

Statement by Adam Matthews, the Principles for Responsible Investment representative on the United Nations Secretary General’s Advisory Panel on Critical Energy Transition Minerals and Chair of the Global Investor Commission on Mining 2030. 

Energy sector is improving its climate performance, but too slowly, concludes research from $39 trillion-backed Transition Pathway Initiative (TPI)

The Church of England Pensions Board will vote for clean energy shareholder proposals, filed by the Comptroller of the City of New York, at the upcoming AGMs of Bank of America, Goldman Sachs, and Morgan Stanley.

Shell has announced plans to set short-term targets to reduce the carbon footprint of its energy projects following engagement led by the Church of England Pensions Board.

The Church Commissioners, which manages the Church of England’s £10bn endowment fund, will vote against all directors at the upcoming AGMs of Exxon, Occidental Petroleum, Shell, and Total, in response to their failure to meet climate change objectives.

Draft for Consultation

Shell tightens net-zero emissions targets as first oil & gas company to ask for shareholder backing at AGM

The Church of England’s National Investing Bodies (NIBs) have restricted investment in nine companies because they don’t meet the standards of the NIBs’ 2020 climate change hurdles.