Analysis into NatWest’s new oil & gas policy has found that the bank, which has long promoted its sustainability credentials, has subtly changed its policy wording to allow them to continue financing and profiting from oil & gas giant BP. 👇
www.independent.co.uk/climate-chan...
#BNPParibas has taken steps towards financing low-carbon energy solutions — but there is work to be done
We sent a letter asking them to set robust targets for sustainable grids & storage financing to support the effective rollout of #renewablepower
Read more⏬
shareaction.org/reports/beyo...
Wise words from my colleague Louise in the piece:
“At this critical juncture, companies must make it clear to investors and their customers that they remain committed to tackling unfairness and inequity in the workplace. Now is not the time to step back.”
The idea that new oil & gas fields are a key lever for economic dynamism in the UK is completely at odds with the reality of the North Sea basin's inexorably declining contribution to the UK's economic & energy security--not to mention the costs of escalating climate change. Some thoughts:
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Next, Marks and Spencer & JD sports are failing to provide their full workforce with a real Living Wage.
So we’ve filed shareholder resolutions at all three, asking them for more transparency around this & how they’re protecting their low-paid workers.
shareaction.org/living-wage-...
We are working with investors to call on Next, M&S and JD Sports to tackle low wages in their workforces. 📢
This is a critical first step to better protect their staff and make our economy fairer and healthier. 🙏
Compare Kemi Badenoch's position on net zero today with three years ago. Her comments then:
- "we know that growing our green industries is crucial to reaching net zero"
- "green jobs are the jobs of the future"
So what's changed? Apart from heat pumps and EVs getting cheaper?
Incredible and haunting reporting from @arielledomb.bsky.social
Clearly we are going to need asset owners to step up to drive responsible investment 🌍
People and planet are depending on their leadership to hold asset managers to account and steer things in the right direction 🧭
Hi Bluesky! We're ShareAction. 👋
We’re an independent charity campaigning for a world where the financial system serves our planet and its people, and responsible investment is the norm. 🌎 🧑🤝🧑
As my colleague Jeanne points out, it’s “deeply concerning” that energy companies are walking back on renewable comkitments as the effects of global heating intensify 🚨
Climate risk is financial risk and responsible investors must make it clear this is unacceptable 👎🏼
www.bbc.co.uk/news/article...
Banks can expect to see shareholder action if they don’t set targets grounded in science that clearly show how they will finance sectors critical to the transition such as renewable energy ⚠️
Read more on our letters to the CEO’s of Europe’s Biggest banks here: www.standard.co.uk/business/bus...
My first COP with E3G and it was a challenging one - if you're still decompressing and looking for some lessons learnt would recommend our latest blog on climate action in a multipolar world.
💪 Shout out to the amazing team @e3g.bsky.social who worked non stop 💚
👉 www.e3g.org/news/baku-sh...
‘When food and beverage companies design their own models [of health], this “essentially amounts to them marking their own homework,”’ Thomas Abrams from ShareAction in today’s Moral Money: on.ft.com/3OmzC1Q
Today, a group of shareholders has written to six CEOs of major food and drinks companies calling on the sector to be more transparent on how it reports on health 🍫🥤
More on a crucial first step to Big Food taking accountability for its impact on public health here: shareaction.org/news/investo...
NatWest must close loopholes in their oil and gas policies which allow them to finance companies like BP with no clear plans to stop expanding oil and gas 🚫
My colleague Kelly Shields spoke to Channel 4 about the issue as part of their investigation with @tbij.bsky.social: youtu.be/_1UhlTbHVB8
