In the US, sentiment grows against ExxonMobil as the US’ biggest public pension plan, Calpers, is reportedly considering a vote against Exxon’s CEO after the oil supermajor decided to pursue a lawsuit against shareholder groups demanding more efforts to cut greenhouse gas emissions. The Financial Times covers the story.
The UK’s failure to complete its sustainable finance framework has put billions of pounds worth of funding at risk. Growing numbers of financial services firms are planning to move investments out of the country and into jurisdictions that are ‘more supportive’ of sustainability goals. Bloomberg covers the story.
As the social impact and sustainable finance sector grows, opportunities for ‘impact-washing’, the twin of the higher profile greenwashing, become an increasing threat to funds and investors alike. The Financial Times’ FT Adviser looks into the new trend.
