$10 Trillion Investor Group to Act Big on Big Oil and Insurance
Jun 24, 2010
- The Investor Network on Climate Risk (INCR), an investor coalition representing $10trn of assets, is planning to write to oil majors – as well as insurers and re-insurers – in the wake of BP’s Deepwater Horizon oil spill in the Gulf of Mexico. Rob Berridge, senior manager of investor programs at Ceres, said the INCR is currently drafting the letter.
Mutual Funds Boosting Focus on Climate Change When Voting Their Proxies, New Report Finds
Jun 16, 2010
- June 16, 2010 – The financial world increasingly understands that climate change will have far-reaching business impacts on a wide array of industries. And that’s translating into ever-growing support by many of the nation’s largest mutual funds in favor of climate-related shareholder resolutions filed with U.S. companies. That’s the finding of this year’s fifth annual Ceres analysis of mutual fund votes by 46 leading mutual fund families collectively managing more than $5 trillion in assets.