Search this website. You can use fund codes to locate specific funds

Authors

  • Pauline Lecoursonnois
    Climate change is not only having a devastating impact on the environment, it is also a human rights issue.
  • Tim Goodman
    We and long-term investors have focused our efforts on the suppliers of fossil fuels and the largest greenhouse gas emitters. However, for the energy transition to be as smooth as possible, investors also need to address the demand for energy.
  • Tim Goodman
    Mitigating the effects of the climate crisis and switching to a low-carbon economy will mean radical shifts for some industries and their employees. What can investors do to help ensure a just transition for affected workers and local communities?
  • Tim Goodman
    ConocoPhillips has improved its climate policies, practices and disclosures to help assure investors of its preparation towards the low-carbon economy. EOS has engaged with the company to achieve best practice and communicate this publicly.
  • Tim Goodman
    Wells Fargo & Company announced regulatory and legal settlements in 2016 relating to its retail banking sales practices, which harmed customers.
  • Tim Goodman
    US multinational Citigroup is one of the world’s systemically important financial institutions. Background : In the aftermath of the financial crisis, we began engaging intensively with the systemically important financial institutions. This was not only because of destruction in value at those companies as a result of the crisis. It is also because their financial health and good behaviour towards their clients and customers is vital to minimise the risks of a similar profound shock to the global economy and to wider economic prosperity. As one of the world’s largest banks, Citigroup (Citi) falls into this group.
  • Tim Goodman
    China Petroleum & Chemical Corporation, also known as Sinopec, is one of the major oil and gas companies in China. The company is a majority-owned subsidiary of the state-owned Sinopec Group. Its operations include the exploration, production, storage and transportation of petroleum and natural gas.
  • Tim Goodman
    Duke Energy is one of the largest electricity generators in the US. Background Our engagement with the company began in earnest in the aftermath of the serious spill of coal ash at one of the company’s disused sites in early 2014. The incident highlighted in our view that the board needed some refreshment, as it included some long-tenured directors who did not have the obvious skills to steward the company during this difficult period. However, as it is one of the largest greenhouse gas emitters in the world, climate change has become an increasing focus of our engagement.
  • Tim Goodman
    One of the largest companies in the world, Microsoft is a global leader in software, services, devices and solutions that aim to help, in the words of its mission statement, to “empower every person and every organisation on the planet to achieve more”. With such a bold purpose, we are pleased that the company seems to take its human rights obligations seriously.
  • Tim Goodman
    Energy transition before 1914 The mews houses in picturesque London streets that now command astronomic prices once were the stables for the horses owned by the residents of nearby mansions. However, the arrival of the internal combustion engine at the start of the 20th century led to the collapse of London’s horse population within a decade. The world’s oldest oil companies have their foundations in this energy transition from horse to engine power in the past century
  • Tim Goodman
    Engagement objectivernrnEnvironmental: Low carbon economy – Articulation of how the company’s long-term strategy takes account of climate change, oil and gas demand and public policy scenarios and how it stress-tests assumptions and develops contingency plans.rnrnExxon Mobil is the largest publicly quoted oil company in the world. This makes it one of the largest greenhouse gas emitters globally. Moreover, the use of its products is responsible for substantially more greenhouse gas emissions than its own direct activities. It is therefore a very important actor in the battle against climate change.rnrnOur engagement on climate changernIn the past few years Hermes EOS has encouraged the company to explain its climate change strategy more clearly and we are pleased with the company’s considerable efforts to address this.
  • 05/10/2015
    Environment
    Tim Goodman
    After spending billions of dollars on its two drilling seasons off Alaska, Royal Dutch Shell has announced that it is withdrawing from its Arctic drilling programme. The company is now writing off its investment, blaming its failure to find meaningful oil and gas reserves and the uncertain regulatory climate in the US for the aborted mission.