Anglo American, Glencore and Rio Tinto are facing pressure to phase coal out of their portfolios.
Investors worth US$4 trillion are planning to co-file shareholder resolutions later this month, calling on the mining giants to reveal their exposure to climate risk.2
The Church of England, UK local authority pension funds and Aviva are among those backing greater transparency over how firms are preparing for global decarbonisation.
Helen Wildsmith, ethical investment specialist and founder of the ‘Aiming for A’ coalition, said: “These resolutions are a vital opportunity for shareholders to signal their support for the development of low carbon transition plans.”