Shareholders are starting to take climate change seriously, as the 2017 proxy season indicates. There were a number of majority and near-majority shareholder votes supporting proposals calling for action on climate change plus a large amount of resolution withdrawals due to corporate climate commitments.
FROM THE EDITOR
Energy Majors Make Moves Toward Renewables—Again
“Could renewables be the Majors’ next big thing?” That’s the provocative question raised in a white paper by Wood MacKenzie, a research and consultancy group, promoted through its subsidiary, Greentech Media. A few years back, the major oil and gas companies had small but active units dedicated to renewable energy sources. When oil reached $100 a barrel, these exploratory departments went quiet. Now, as the rapid growth of wind and solar power radically reshapes energy markets, Big Oil is getting back into the renewables game. Whether the Majors are “leading the way in shaping strategies to capture a piece of the action” as the paper claims may be a stretch, but there’s clearly some movement away from a sole focus on fossil fuels and towards renewables. Read the details here.
John Howell, Editorial Director
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News & Blogs
(3BL Media/Justmeans) – The Global Thinkers Forum is a social purpose organisation that launched in 2012 under the patronage of Her Majesty Queen Rania of Jordan. It works for change by connecting international thought leaders, while promoting values-based leadership, collaboration and cross-cultural understanding.
(3BL/JustMeans) We depend on pollinators like bees and other insects more than we realize. They help pollinate almost 75 percent of our crops, including most fruits and vegetables. Without them, we would have little to eat. Pollination by US honey bees in 2010 contributed to more than $19 billion worth of crops, and pollination by other insect pollinators contributed to almost $10 billion of crops the same year.
Sustainalytics, a provider of ESG and corporate governance research, ratings, and analytics, released a thematic research report, 10 for 2017: Investment Themes in a Changing World, earlier this year. The report looks at the key drivers of 10 ESG investment themes that are expected to create new risks and opportunities for investors.
UPS has set some lofty goals. One of them is to have 25 percent of the electricity it uses come from renewable energy sources by 2025. In 2016, only 0.2 percent came from renewable sources.