Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 11 - 20 of 116 results for "Exxon"

Female fund managers outperform men

KARREN VERGARA  |  WEDNESDAY, 2 SEP 2020
... Microsoft and Tesla. Female-managed funds tend to have the lowest allocation to stocks like Berkshire Hathaway, Wells Fargo and Exxon Mobil. Energy and materials are two sectors where they are typically underweight. Interestingly, the median female-managed ...

BlackRock offers update on dumping coal

ELIZABETH MCARTHUR  |  THURSDAY, 16 JUL 2020
... ExxonMobil due to significant concerns about climate risk management. "We continue to have several areas of significant concern: Exxon's failure to have clear, long-term greenhouse gas reduction targets; the company's lack of disclosure around the degree ...

BlackRock wakes up to climate change

ALLY SELBY  |  WEDNESDAY, 15 JAN 2020
... securities revealed the fund manager has a stake in several fossil fuel companies. It owns more than 281 million shares in Exxon Mobil, with a value of $US19.9 billion. It also owns more than 130 million shares in Chevron, worth US$15.5 billion. But ...

Fossil fuel holdings cost BlackRock investors $90bn

KARREN VERGARA  |  WEDNESDAY, 7 AUG 2019
BlackRock has lost more than US$90 billion ($133bn) by investing in fossil fuel-dependent companies over the last decade, a new report criticising the world's largest fund manager about its failure to manage climate risk shows. The Institute for ...

Impact investing under threat

ELIZABETH MCARTHUR  |  TUESDAY, 16 JUL 2019
... seen many examples of impact-washing throughout his career. "There was one fund - and I won't name names - which had Exxon in it and British American Tobacco in it. It's difficult to understand how those companies could be in an impact fund by ...

Super fund proxy voting behaviour revealed

ELIZABETH MCARTHUR  |  WEDNESDAY, 22 MAY 2019
... making similar demands of companies." ACCR is urging Australian super funds to support shareholder proposals at Chevron and Exxon Mobil on May 29. Earlier this month, shareholders in Exxon, including the Church of England and the New York State Retirement ...

MLC admin error hits superannuation DB members

KARREN VERGARA  |  FRIDAY, 14 DEC 2018
... hours" and that "ExxonMobil was immediately notified." Plum acquired ExxonMobil defined benefit members under its existing Exxon Plum Super Sub Plan in 2013. Rainmaker data shows there are about 700 active defined benefit members in the plan. It is understood ...

Church threatens to dump $21bn of fossil fuels

KANIKA SOOD  |  MONDAY, 16 JUL 2018
... with $30 trillion in assets, in which the national investing bodies are leading on several key companies including Shell & Exxon," he said.

Industry super fund grows ESG team

KARREN VERGARA  |  TUESDAY, 1 AUG 2017
... taking a shareholder activist approach, which has already made a real difference to emissions disclosures by companies like Exxon." The climate action team comprises Rowe, chief investment officer Michael Wyrsch, and members of the investment and strategy ...

Super funds condemn Trump climate withdrawal

ALEX BURKE  |  FRIDAY, 2 JUN 2017
The Australian Council of Superannuation Investors (ACSI), representing $1.5 trillion in funds under management, has condemned US President Donald Trump's decision to withdraw the country from the Paris Agreement on climate change. Trump justified the ...