The Environment Agency Pension Fund (EAPF) has joined a coalition of 88 investors to demand companies disclose more information on environmental impact.
Recommendations encouraging pension funds to vote against companies failing to act on climate change have been published by the Pensions and Lifetime Savings Association (PLSA).
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.