FT News Briefing Big investors get tougher with companies over climate change
Nov 10, 2021
Big investors are tightening their grip on companies over climate change, pushing for sustainable practices. General Electric plans a bold split into three separate companies to streamline operations. The trend of moving away from traditional conglomerates is evident, with firms like Toshiba following suit. Activist investors are reshaping the investment landscape, notably through divestment from fossil fuels. The challenges of balancing shareholder demands with climate responsibility are becoming increasingly complex.
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GE's Breakup
- General Electric (GE) is splitting into three companies: healthcare, aviation, and energy.
- This reflects a broader trend of conglomerates simplifying their structures.
Xi Jinping's Third Term
- Xi Jinping is expected to secure a third term as China's president, breaking with recent precedent.
- A new resolution will justify his continued rule, marking a pivotal moment in Chinese politics.
Aviva's Climate Change Meeting
- Aviva, a British asset manager, held a meeting in 2020 about climate change.
- They warned 30 carbon-intensive companies to improve or face divestment.