The Church Commissioners for England , the investment arm of Hermes EOS , has revealed plans to exert more pressure on firms with poor climate change records. Loretta Minghella , head of the £ 8.2bn ($ 10.2bn ) fund, said it had hired The Church Commissioners for England to help it "flex when particular issues arise". None of the world's top two oil and gas firms are aligned with the 2016 Paris Agreement on Climate Change , according to a recent study by Hermes EOS , which counts the Church of England fund among its investors.
The Church Commissioners for England, the investment arm of the Church of England, has revealed plans to exert more pressure on firms with poor climate change records. Loretta Minghella, head of the £8.2bn ($10.2bn) fund, said it had hired Hermes EOS to help it "flex when particular issues arise". None of the world's top 50 oil and gas firms are aligned with the 2016 Paris Agreement on Climate Change, according to a recent study by the Transition Pathway Initiative, which counts the Church of England fund among its investors.