Engaging with companies on climate related activities can sometime be done better in collaboration with other asset managers. Here we take a quick look at some of the ways this can be achieved.
Climate Action 100+ (link)
Climate Action 100+ is an investor-led initiative to ensure the world’s largest corporate greenhouse gas emitters take necessary action on climate change. It covers 700 investors with over $68 trillion AUM.
The Climate Action 100+ initiative flags shareholder proposals and other votes aligned with the goals of the initiative for investors to take into consideration during proxy season.
The group invests to encourage them to work towards the global goal of halving GHG emissions by 2030 and delivering net zero GHG emissions by 2050, in line with the goals of the Paris Agreement to pursue efforts to limit warming to 1.5°C. They will do this by asking Climate Action 100+ focus companies to:
Implement a strong governance framework which clearly articulates the board’s accountability and oversight of climate change risk;
Take action to reduce greenhouse gas emissions across the value chain, including engagement with stakeholders such as policymakers and other actors to address the sectoral barriers to transition. This should be consistent with the Paris Agreement’s goal of limiting global average temperature increase to well below 2°C above pre-industrial levels, aiming for 1.5°C. Notably, this implies the need to move towards net-zero emissions by 2050 or sooner; and
Provide enhanced corporate disclosure and implement transition plans to deliver on robust targets. This should be in line with the final recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) and other relevant sector and regional guidance, to enable investors to assess the robustness of companies’ business plans and improve investment decision-making.
CDP Non-Disclosure Campaign (link)
The annual Non-Disclosure Campaign (NDC) is a collaboration with capital markets signatories to engage with companies that have failed to respond to requests to disclose through our climate change, forests and/or water security questionnaires. The NDC runs alongside the main CDP disclosure request, to boost transparency and drive-up rates of corporate disclosure.
Ceres (link)
Ceres advances leadership among investors, companies and capital market influencers to drive solutions and take action on the world's most pressing sustainability issues: advancing climate solutions, protecting global water resources, building a just and inclusive economy, accelerating sustainable capital markets, protecting and restoring life on land, and advocating for smart public policy.
Interfaith Center on Corporate Responsibility - ICCR (link)
Through collective action, ICCR members make both the moral and business case for improved corporate performance on critical ESG risks, pressing corporations to adopt and implement policies and practices that will mitigate business risk and address adverse environmental and social impacts. These include: the climate crisis, advancing worker justice, health equity, corporate political responsibility, and equitable global supply chain.
ShareAction (link)
ShareAction works with investors, policy makers and individuals to tackle issues such as climate change, increasing good work, improving people's health, protecting our natural world.
As You Sow (link)
AYS harness shareholder power to create lasting change and align investments with values. Their programs address climate & energy, environmental health, circular economy, gender inequalities, workplace equity, and values based funds.
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