The Church of England Pensions Board divested this week all its shares in ExxonMobil since the US supermajor has failed to set targets to cut Scope 3 emissions.
The Church of England Pensions Board, which manages more than $3.62 billion (£2.8 billion) in assets, has been one of Exxon’s shareholders that has consistently called on the oil giant to report emissions and provide a pathway to reduce emissions from its operations and the products it sells to customers.
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