Wednesday, December 13, 2017

225 huge investors pressuring companies to address climate change

A flock of major investors representing over $26 trillion are going after the 100 companies most responsible for climate change, driving them to take these three actions:

  1. Implement a strong governance framework, which clearly articulates the board's accountability and oversight of climate change risk.
  2. Take action to reduce greenhouse gas emissions across their value chain, consistent with the Paris Agreement's goal of limiting global average temperature increase to well below 2 degrees Celsius above pre-industrial levels.
  3. Provide enhanced corporate disclosure in line with the final recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) and sector-specific GIC Investor Expectations on Climate Change, when applicable, to enable investors to assess the robustness of companies' business plans against a range of climate scenarios, including "well below" 2C and improve investment decision-making.
The initiative is called Climate Action 100+.

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