Investors with USD 35 trillion in assets are pushing big business to act on climate change

Investors driving corporate action
Organisation
Ceres Inc.
Grant
DKK DKK 2,500,000
Programme Area
Sustainable Finance
Year
2018-2020

100 companies around the world account for two-thirds of the annual global industrial emissions. To meet the goals of the Paris Agreement, these companies must dramatically transform their business strategies. While many are beginning to shift, most companies are not yet acting at the speed or scale necessary for a climate-safe future. Pressure from investors and peer companies is critical for pushing these high emitters to make the necessary changes.

Climate Action 100+ is an investor initiative aiming to encourage the world’s largest corporate greenhouse gas emitters to take action on climate change. More than 300 investors with over USD 35tr in assets collectively under their management are engaging companies on topics such as improving their governance, curbing their emissions, and strengthening their climate-related financial disclosures. The targeted companies include 100 “systemically important emitters”, accounting for two-thirds of annual global industrial emissions, along with more than 60 others with significant opportunities to drive the clean energy transition.

Climate Action 100+
C]limate 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). These organisations — along with five investor representatives from AustralianSuper, California Public Employees’ Retirement System (CalPERS), HSBC Global Asset Management, Ircantec, and Manulife Asset Management — form the global steering committee for the initiative.