Investors pile climate pressure on Glencore ahead of May AGM
Global miner Glencore faces increased pressure to clarify how it will manage its climate change commitments after investors holding more than $500-billion in assets backed a shareholder resolution to be voted on next month. Nine institutional investors, including Man Group, Scottish Widows and Brunel Pension Partnership, added their weight to calls for more transparency from one of the world's biggest producers of thermal coal, according to a joint statement from the Australian Centre for Corporate Responsibility (ACCR).