By Susanna Rust2020-12-18T12:31:00+00:00
Dutch pension asset manager APG has co-filed a shareholder resolution calling on Amazon to publicly disclose information about the company’s efforts to protect workers’ health and safety during the COVID-19 pandemic.
Its co-lead is New York City Comptroller Scott Stringer, on behalf of three New York City pension funds. APG is acting on behalf of its pension fund clients, including €419.7bn public sector pension scheme ABP.
The investors said the move to file a proposal comes after a failure by Amazon independent directors to respond to a similar request for information from major shareholders in May. According to the investors, information the company did provide was not satisfactory.
Church, ethics group start initiative to monitor mining dam safety
Bloomberg
Workers operate a heavy equipment to clear debris and mud as part of the recovery effort after the Vale SA Corrego do Feijao tailings dam collapse in Brumadinho, Brazil, in 2019.
European investors are partnering to implement a global tailings dam standard for mining companies they own through the creation of an independent institute.
The £2.8 billion ($3.7 billion) Church of England Pensions Board, London, and the Council on Ethics of the Swedish National Pension Funds, Stockholm, announced Friday they are joining together to launch the institute.
Following the 2019 Brumadinho tailings dam disaster in Brazil in which an earthen dam was breached, resulting in 270 deaths, investors have engaged with mining companies to develop a standard practice in efforts to avoid waste management disasters at mining sites, according to their websites. The standard was developed by investors in August, and the investo
Partnership to Support Global Tailings Standard miragenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miragenews.com Daily Mail and Mail on Sunday newspapers.
Partnership to support the Global Tailings Standard
Investors ask all mining companies to confirm support for the implementation of the Global Standard in their operations
18 December 2020 - Today the UN Environment Programme (UNEP) and the Principles for Responsible Investment (PRI), Co-Convenors of the Global Tailings Review, the Church of England Pensions Board and the Council on Ethics of the Swedish National Pension Funds, announced a partnership to create an independent international institute to support the implementation of the Global Industry Standard on Tailings Management. The industry Standard was launched in August 2020 and follows the January 2019 Brumadinho tailings dam disaster that resulted in the deaths of 270 people.
By Susanna Rust2020-12-16T16:58:00+00:00
The Church of England’s national investing bodies have banned investment in nine companies and stuck with 12 after asking them to meet certain climate change-related standards, according to an announcement today.
They said they would divest the restricted companies in which they have holdings as soon as possible. As of 21 October, the total value of their holdings in the companies was £32m (€34.9m).
Ten of the 12 companies that stayed off the new restricted list did so because they sufficiently improved their disclosure, governance or strategy, according to the Church of England announcement.
The remaining two – Polish power company PGE and Reliance Industries of India – are being given more time to make changes after demonstrating positive engagement.