For many observers, the condemnation of Shell for more climate protection may be a real bang.

It is, because it is a novelty that a multinational energy company has to take responsibility for the consequences of its actions.

Among investors, however, this fits seamlessly into the mega-topic of sustainability, which now determines the financial markets just as much as interest rates or inflation indicators.

It has long since ceased to be a free choice to enter into a dialogue with investors about how they want to position themselves in terms of climate, corporate governance or social issues.

It has become a duty.

While there was only a lot of talk for a long time, large funds are now drawing conclusions.

You bring your own proposals to general meetings, make counter-motions and actually refuse to approve.

This increases the pressure on companies to move and change because they depend on investors' money.

Many sustainability criteria are still vague, and it will be some time before guard rails are in place that all market participants can use as a guide.

But the direction is finally right.