A survey of 20 global mining, oil and gas companies finds that some are failing investors by not taking seriously risks associated with poor biodiversity management, says ISIS Asset Management.
ISIS says the research includes focus on policies, management and reporting of biodiversity affected by the operations of these firms. The best performers in this regard are AngloAmerican, BG Group, BP, Rio Tinto, Shell and Statoil. ChevronTexaco and Brazilian mining company CVRD lead the middle of the chasing pack Bringing up the rear are Exxon Mobil and Total, two of the biggest oil companies. ISIS says companies continuing to ignore risk and management of risk, such as that highlighted by the research, may cause long-term harm to shareholders. This is particularly so for compan...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes