Asset Management

Church fund hails shareholder support on Exxon climate demands

Investors have oil companies on a tighter leash, following share price declines

Investor pressure is mounting on oil companies
Investor pressure is mounting on oil companies

Fund managers including Schroders, Amundi and Legal & General Investment Management have lined up behind the Church of England's attempt to get ExxonMobil to tell its shareholders more about its climate-change exposure.

The Church Commissioners, the body that manages the Church's £6.7 billion investment fund, has been trying to get the largest US oil company to publish more about its CO2 emissions since January, when it announced plans to file its first-ever shareholder resolution in the US, with that objective.

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