Legal & General s asset management arm LGIM said Shell plans not credible
LGIM part of 30% to back resolution by shareholders activist group Follow This
Follow This urged Shell to set inspirational targets to battle emissions
Another UK asset manager - Sarasin & Partners - also piled pressure on Shell and BP, saying that they were not serious about hitting net-zero emission targets
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Funds heavyweight LGIM joins shareholder revolt against Shell s plans to curb emissions
Legal & General s asset management arm has emerged as one of the investors to have voted against Royal Dutch Shell s climate plans last week.
While acknowledging that some progress was being made, LGIM said today that the oil major s targets to reduce carbon emissions and oil and gas production lack credibility and fall short of tackling climate breakdown.
The asset manager, which handles £1.3trillion of savers cash, has been moving to encourage the companies it invests in to behave responsibly as part of a wider push by Legal & General to become more environmentally friendly.
Single-family homes had their biggest price increase on record in the first quarter of this year. With many analysts noting the real estate market is “white hot”, it might be helpful to look at a relative comparison of real estate to the other main source of U.S. homeowner wealth - the stock market. The