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BP to repatriate Dutch pensions from Belgium
The fund is also considering a buyout to a Dutch insurer for its Belgium-based DB accruals
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Questions BP investors should ask themselves
A lot has happened in sustainable finance since the last AGM season: an energy crisis in Europe, an escalating legal campaign against ESG in the US, a credibility crisis for the world’s biggest net zero investment group, and ground-breaking political agreements to protect the planet’s natural resources and marine ecosystems.
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Are shareholders finding it harder to make their voices heard?
A showdown at BP and changes at the SEC suggest companies are feeling empowered to snub investor requests
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Velliv divests BP, TotalEnergies, Shell in climate strategy rethink
Danish pension provider divests DKK3.4bn of upstream oil and gas stocks and bonds
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IPE Netherlands Briefing: First three funds get go-ahead for DC switch
Plus: BP pension fund is considering a buyout to a Dutch insurer for its Belgium-based DB accruals
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BP case study
BP has committed to become net-zero by 2050 or sooner, supported by a robust strategy to get there and market-leading disclosures. EOS continues to engage, following more than a decade of climatefocused engagement with the company.
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UK roundup: Brunel and NEST to vote against chair at BP AGM
Plus: Railpen-led investor group launches workforce directors guidance; Carillion completes buy-in deal with Just Group
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Bond investors can save up to 10bp on managers’ fees, says ClearGlass
‘Our advice to investors is: don’t accept the first or second offer, keep pushing and they will give you what you want,’ says Chris Sier
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Quarter of shareholders vote down BP’s chair amid strategy row
Opposition could be driven by almost opposing concerns regarding the company’s oil and gas production strategy
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3-4 May FOMC meeting: 50bp interest rate hike is bullish for markets
Federal Open Market Committee (FOMC) and statement: On 4 May, the Federal Reserve (Fed) hiked the Fed funds rate by 50bp to 0.75-1.00%, the first back-to-back hike since the second quarter of 2006. The FOMC statement signaled the start of a series of rate hikes. The Fed downplayed the negative Q1 GDP data, while upgrading its inflation assessment.
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Macroeconomics, Geopolitics, and Strategy - December 2024
Inflation is coming down much faster than the ECB expected only last September, with the headline measure (2.2%) now inching very close to its target. The latest 25bp cut and its revised forecast on 12 December, suggest that the ECB should get to its target by mid-2025.
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Shell must enhance liquefied natural gas disclosures, says Brunel
AGM vote sends strong message from shareholders as Shell doubles down on growing LNG production, says ShareAction
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Governance proposals gain ground over E and S in 2025 AGM season
The AGM voting season in Europe and North America has been unfolding against a backdrop of a backlash against sustainability concerns, particularly in the US
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BP chief economist suggests focus on prices rather than climate scenarios
Spencer Dale floats idea of ‘shortcutting’ use of scenarios and turning straight to price metrics
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Fed and ECB cut rates, BoJ and BOE on hold
“The Fed’s hawkish tone signals that the Central Bank is incorporating a more uncertain outlook. This calls for keeping a tactical approach to bond investing.”
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Public Market Signals for Private CRE Investors: Monitoring Pricing in an Uncertain Market
In today’s volatile financial markets, private commercial real estate investors face a fundamental challenge: market opacity makes real-time pricing hard to gauge. This report argues that investors should pay closer attention to public market signals — such as corporate bond yields and short-term Treasury rates — as timely indicators of real estate pricing, even though bridging public and private markets is difficult in practice.
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APG and others outline stance on BP net-zero ambition, delivery
CA100+ investors publish statement ‘for consideration’ ahead of tomorrow’s AGM
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Fed continuing to downshift: 31 January-1 February FOMC review
The Federal Reserve hiked the fed funds rate by 25bp, to 4.50-4.75%, a step down after the Fed hiked by 50bp in December. The slowing in the pace of rate hikes was widely expected.
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Lower-carbon bond portfolios outperform benchmarks, finds research
Analysis findings bring into question the legitimacy of having carbon-intensive corporate credit portfolios as the default, says Ulf Erlandsson, AFII’s founder
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Ethos, CPEG start new engagement campaign with largest asset managers
The campaign is a first step to induce asset managers to vote considering ESG criteria at AGMs