Climate activists: Prepare to win the peace after the coronavirus war March 27, 2020 Winston Churchill may have won the war, but Clement Attlee won the peace. The pill that Churchill swallowed was bittered by the fact that his victory had paved the way for Attlee’s. Without the spirit forged by the collective efforts of wartime, there would have been little appetite to build Attlee’s welfare state when peace [...]
By trademarking her brand, Greta Thunberg has turned identity marketing on its head March 23, 2020 Greta Thunberg’s recent announcement that she had trademarked her name and the phrase that carried her global movement may have seemed an odd choice for a young activist so opposed to the status quo of capitalism. But this is in fact a savvy and necessary move to protect her message. The phrase is “skolstrejk for [...]
Extinction Rebellion cancels London protest over coronavirus March 13, 2020 Climate activist group Extinction Rebellion has cancelled its next London protest due to the coronavirus pandemic. The group, also known as XR, had scheduled a mass protest in London on 23 May to call for action on tackling the climate crisis. The planned date of the protest, which coincides with the start of the UK [...]
City watchdog outlines tougher climate change disclosures for top firms March 6, 2020 The UK’s top listed firms must disclose how their business is affected by climate change using globally-agreed guidance or explain why they cannot, under proposals outlined today by the Financial Conduct Authority (FCA). Under the plans, firms with a premium listing would have to either make climate-related disclosures in line with the approach set out [...]
Jupiter adds to pressure on Barclays over fossil fuel financing March 3, 2020 Jupiter Asset Management has backed a landmark shareholder resolution calling on Barclays to stop financing fossil fuel producers that are not aligned with the Paris Agreement climate goals. Jupiter, which is one of Barclays’ top-25 shareholders, has joined 11 other institutional investors and over 100 individual shareholders in backing the motion, which is thought to [...]
Greenpeace targets Barclays branches over fossil fuel financing March 2, 2020 Greenpeace activists have targeted almost 100 Barclays bank branches this morning in protest over the bank’s financing of fossil fuel companies. Some 29 branches in London are affected, according to Greenpeace, with activists disabling many of the branches’ lock mechanisms so they are unable to open as usual. Campaigners are demanding the banking giant — [...]
If Britain is to hit net-zero, we need the City to step up its green finance ambitions March 2, 2020 The unveiling of the COP26 Private Finance Agenda at Guildhall last week was a landmark moment for our climate change efforts as a nation. The annual UN conference, this year taking place in Glasgow, will convene global leaders to discuss the world’s most pressing issue. And as policymakers gear up for the pivotal event, it [...]
BoE governor Mark Carney urges the City to step up on climate change February 27, 2020 Outgoing Bank of England governor Mark Carney has demanded the City answer “calls to action” on climate change and help speed up the transition to a low-carbon economy. In a speech given in the City this morning, Carney is expected to call on money managers to “ensure that every financial decision takes climate change into [...]
A quarter of FTSE companies faced shareholder dissent in 2019 February 20, 2020 Investors cranked up the pressure on British companies last year, with a quarter of firms on the FTSE All-Share hit by shareholder dissent, according to new figures. Some 158 of the 641 firms on the index experienced significant investor rebellions in 2019, with executive pay and the re-election of directors among shareholders’ biggest concerns, according [...]
ESG investing: The only way is ethics February 12, 2020 “Climate change has become a defining factor in companies’ long-term prospects,” wrote Larry Fink, chief executive of Blackrock, in his annual letter to global company bosses last month. “I believe we are on the edge of a fundamental reshaping of finance.” It was a big moment. Sustainability has been a growing economic issue for more [...]
