“Central to achieving climate goals is the setting of clear targets on how companies plan to move to net-zero as well as ensuring that they are transparent and held accountable for actions taken.”.
BOSTON, Sept. 14, 2020 /PRNewswire/ -- Briefing comes on the heels of an urgent call for action to the world's largest greenhouse gas emitters to become net-zero businesses and as scientists warn emissions are headed back to pre-Covid levels. Climate Action 100+ is harnessing opportunities to double down on its ongoing efforts to get leading companies to enact bolder climate goals. They are too big, their supply chains too vast. The companies include 100 ‘systemically important emitters’, accounting for two-thirds of annual global industrial emissions, alongside more than 60 others with significant opportunity to drive the clean energy transition. NEW GLOBAL INITIATIVE: Ceres joins forces with investors and partner organizations worldwide to launch Climate Action 100+. “As institutional investors and consistent with our fiduciary duty to our beneficiaries, we will work with the companies in which we invest to ensure that they are minimising and disclosing the risks and maximizing the opportunities presented by climate change and climate policy.”. Launched in December 2017 at the One Planet Summit, Climate Action 100+ garnered worldwide attention as it was highlighted as one of 12 key global initiatives to tackle climate change. After its 2017 launch at the One Planet Summit, Climate Action 100+ gained worldwide attention and emerged as one of 12 key global initiatives to tackle climate change after getting more than 500 investors, overseeing more than $47 trillion in assets under management, to sign on. These include Airbus Group, BP, General Electric, General Motors, Nestlé, PepsiCo, Proctor & Gamble Company, The Coca-Cola Company, Walmart, and Dow, among, To that end, Climate Action 100+ announced the, Citizens Want Climate Action — And How They Want to Pay for It May Surprise You, Banning Gas-Fueled Cars by 2035, California Opens Door for Electric Vehicles, Cities Announce Massive Fossil Fuel Divestments, All the Big News From Climate Week In One Place, Companies Say They Support the Circular Economy, But Their Actions Speak Otherwise. Senior Director, Climate Action 100+ North American Investor Engagement. NEW GLOBAL INITIATIVE: Ceres joins forces with investors and partner organizations worldwide to launch Climate Action 100+. The scope of emissions varies significantly, highlighting a need for more universal standards. Briefing comes on the heels of an urgent call for action to the world's largest greenhouse gas emitters to become net-zero businesses and as scientists warn emissions are headed back to pre-Covid levels. Sweet Mid-Autumn deals for you, now at 31% off, Jessica Alba says she was banned from making eye contact with cast members on the set of 'Beverly Hills, 90210', Democrats, preferring to risk COVID than losing to Trump, are shifting away from voting by mail, http://www.prnewswire.com/news-releases/ahead-of-climate-week-2020-ceres-leading-experts-to-highlight-key-action-steps-to-stop-the-climate-crisis-301130429.html. BlackRock has voted against shareholder proposals brought about by Climate Action 100+ in the past and is under no obligation to vote for them in the future, even after joining the group. Ceres is a non-profit sustainability advocacy organization based in Boston, Massachusetts and founded in 1989. Climate Action 100+ has five advocacy groups, including the Asia Investor Group on Climate Change (AIGCC), Ceres, Investor Group on Climate Change (IGCC), Institutional Investors Group on Climate Change (IIGCC). Climate Action 100+ laid out for the first time how it will assess and benchmark the companies' progress towards achieving this goal. and Principles for Responsible Investment (PRI). is an investor initiative to ensure the world’s largest corporate greenhouse gas emitters take necessary action on climate change. ©2018 Ceres. To date, more than 500 investors with more than USD $47 trillion in assets under management have signed on to the initiative. The briefing comes on the heels of an urgent call for action to 161 of the world's largest corporate greenhouse gas emitters to become net-zero businesses.
Another fact worth noting is that there is no objective standard on which these commitments are measured. The experts will highlight the latest actions and trends that have emerged across sectors as businesses adapt to tackling this systemic threat. Backed by more than 225 global investors with $26.3 trillion in AUM, Climate Action 100+ will engage the largest emitters in the world to improve corporate governance, curb emissions and strengthen climate-related financial disclosures. 50 of them have already set reduction targets or released statements that set a target for net-zero emissions by 2050 or sooner, and 120 companies have now nominated a board member or board committee with responsibility for climate change oversight. Greenhouse gas emissions also briefly dropped this year when the pandemic stalled economic activity across the world.
Filed by Climate Action 100+ investor signatory BNP Paribas Asset Management, the latest proxy season included the first climate-related proposal … Investor-Led Climate Action 100+ to Judge Companies on Sustainable Benchmark, California Public Employees’ Retirement System, Institutional Investors Group on Climate Change, PBGC Multiemployer Program to Become Insolvent by 2026, Investment Chiefs Leave Kentucky Retirement Systems for Consulting Firm, Don’t Worry about an Election Outcome Delay, Goldman Says, Oregon, Virginia, Dartmouth Endowment Returns: Low, High, and Even Higher, Op-Ed: Rethinking Your Inflation-Protection Strategy (Again). For more information, visit ceres.org and follow @CeresNews. “The growth of Climate Action 100+ among the global investment community in the last six months is more than we ever expected,” said Anne Simpson, Investment Director of Sustainability at the California Public Employees’ Retirement System, one of the largest U.S. public pension funds with over $349 billion in assets under management. Climate Action 100+ is coordinated by five partner organisations: Asia Investor Group on Climate Change (AIGCC); Ceres; Investor Group on Climate Change (IGCC); Institutional Investors Group on Climate Change (IIGCC) and Principles for Responsible Investment (PRI). We would like to show you a description here but the site won’t allow us. What: Ceres Climate Week 2020 Media BriefingCeres is an official host of Climate Week NYC 2020. The initiative also expanded its focus list of companies from 100 to 161, adding 61 companies (known as the “+” list), of which 22 are North American companies, that have significant opportunities to drive the clean energy transition and help achieve the goals of the Paris Agreement.