Climate Action 100+ group of investors with over $35tr under management says progress has been made, but more firms need to demonstrate credible decarbonisation strategies
Top financiers urge companies to align lobbying efforts with Paris Agreement, as markets struggle to price in climate risk
The resolution, which BP has agreed to back, signals increasing investor pressure on firms to act on climate change
Joint statement with institutional investors strengthens oil major's low carbon plans, but critics insist wider targets are needed
Investors initiative backed by $33tr of assets urged to step up its transparency and campaigning to push for bolder business climate action