The countdown to net zero is now well underway, Hope William-Smith take a look at how schemes are aligning with Paris Agreement goals.
The 100 largest global pension funds are widely ignoring climate-related risks despite recent warnings by UN scientists, the Asset Owners Disclosure Project (AODP) says.
Some of the world's biggest fund managers voted against a shareholder resolution to force ExxonMobil to assess financial risks posed by climate change.
A shareholder resolution forcing Chevron to halt spending on high-carbon assets has been rejected by 96% of shareholders.
Pension funds are being pressured to support a shareholder resolution to force Chevron to halt spending on high-carbon assets and instead return capital to shareholders.