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Comment by Edward Mason, Head of Responsible Investment at the Church Commissioners for England
The Church Commissioners for England today reiterated support for the climate-related shareholder resolution, filed against the board of ExxonMobil, and calls on Exxon not to block the resolution going to a vote in 2020.
Volkswagen AG (VW) has rejected a shareholder proposal sent last week from seven European investors urging the company to explain how its lobbying activities help to address climate risks.
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ExxonMobil shareholders have shown significant support for a motion asking the company to report on how its business will be affected by worldwide efforts to combat climate change, despite the strong opposition of the company itself.
NEWS / A group of investors led by New York State Comptroller Thomas P. DiNapoli and the Church Commissioners for England are urging ExxonMobil to disclose the resilience of its business model in the wake of the Paris Agreement on climate change.
NEWS / Investors in ExxonMobil, led by New York State Comptroller Thomas P. DiNapoli and the Church Commissioners for England, this week asked the Securities and Exchange Commission (SEC) in the United States to deny the company's request for permission to block a shareholder proposal for information on how the company will weather the global agreement to rein in climate change.
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NEWS / The Church of England Pensions Board, together with investors with assets totalling nearly £50bn, has filed a shareholder resolution at Rio Tinto calling on the company to review and fully disclose its relationships with industry bodies.
The Church Commissioners and the New York State Common Retirement Fund have announced their support for a shareholder proposal that calls for the board chair of ExxonMobil to be an independent member of the board.