May 2020

U.K.’s Largest Pension Fund Urges Total to Clamp Down on CO2

The U.K.’s biggest pension fund said it will back a climate resolution asking for France’s Total SA to adopt a tougher stance on climate change at its annual shareholder meeting next week. The resolution was brought by 11 European asset managers last month, in another example of investors pressuring Big Oil to tackle environmental challenges. Since then, Total has set out bold commitments to eliminate most of its emissions by 2050, joining others such as Royal Dutch Shell Plc...

February 2020

JP Morgan Chase Commits $200 Billion to Sustainability Financing

JPMorgan Chase said Tuesday that it’s committing $200 billion in financing this year to expand its sustainability goals, which include imposing restrictions on lending to coal mining companies and ending direct funding of Arctic drilling projects. The bank said it will no longer lend to capital markets or give advisory services to companies that get a majority of their revenues from coal extraction. By 2024, the bank said it will phase out its remaining credit exposure to those businesses....

December 2019

GPIF takes a stance against ‘short sellers’, Elon Musk cheers the move

Japan's Government Pension Investment Fund (GPIF), the world's largest pension fund, has suspended stock lending to traders who bet that shares will go down in price, calling the practice inconsistent with its responsibilities as a long-term investor. Read also ESG investing to move faster in Asia The move, announced by the GPIF on Tuesday, is a blow for so-called "short sellers", who rely on borrowing stocks to bet against companies and who are facing renewed moves in a number...