APG Asset Management warns it may join shareholder protests over the involvement of oil giants BP and Shell in controversial tar sands projects in Alberta, Canada.
Two of the UK’s largest pension funds set up an investor communication website as part of alliance to coordinate share voting at company meetings – made possible thanks to clarification on ‘acting in concert’ guidelines from the UK Financial Services Authority
Investors take sides on call for oil giant to disclose info on environmental and economic risks.
Local Authority Pension Fund Forum says oil giant has provided necessary information.
Report says downward trend of trading has accelerated after COP-15.
Report to look at work of remuneration committees and consultants.
Funds follow advice of Ethical Council in potentially controversial sell-off.
More engagement needed, but more resources necessary.
Consultation also launched on role of pension funds and insurers in setting financial services pay.
AUM in ethical funds up £1.1bn in 2009.