From Climate Top100 Engagement to Climate Top1000+
After the disappointing political results of COP26, institutional investors and the companies they are investing in have to do even more by their own to secure a net-zero world in 2050.
Read MoreHow to engage on climate Net Zero
Since the Paris Agreement was signed in 2016, Engagement International has been engaging on behalf of institutional investor clients with the 100 listed companies that are most exposed to climate change, when it comes to the highest scope 1 and 2 emissions or potential emissions from fossil fuel reserves.
Read More10 key points in the new Net Zero Investor Frameworks
Climate change has become the most important ESG issue for institutional investors, corporations, cities, and nations. And “Net Zero” is the new narrative to describe the ambition of being aligned with the Paris Agreement or 1.5-degree goal. All around the world, thousands of organizations are committing themselves to achieve the state of “Net Zero in 2050 or sooner”, where they achieve an overall balance between emissions produced and emissions taken out of the atmosphere.
Read MoreClimate Series: Oil and gas preparing for a carbon-constrained world – leaders and laggards
The investor pressure on oil and gas companies to address climate change as seen in the latest proxy voting season has mounted like never before. In May, BP shareholders, representing over 99% of the votes, passed a resolution asking the company to align its business strategy and investments with the Paris Agreement. When a similar resolution was blocked by Exxon, who had asked the U.S. Securities and Exchange Commission to reject it, investors urged a vote to split the chief executive officer and board chairman roles as protest.
Read MoreClimate Series: Decarbonisation of Cement and Steel Sectors
With their widespread use across multiple sectors, from construction and infrastructure to energy and transportation, cement and steel are central to modern economy. They are also inherently energy and carbon-intensive. Taken together, those two sectors account for up to 15% of global CO2 emissions, and as the world’s population grows, emissions are only projected to increase.
Read MoreClimate Series: Facing the Dilemma with Coal Divestments
Still more institutional investors are divesting from coal companies to protect their investments against stranded assets. It is understandable, because most coal companies are not aligned with the well below two-degree goal. However, it raises a dilemma, because the reduced investor owners’ pressure on the coal majors due to divestment can make it more difficult to reach the Paris Agreement. This third blog in our climate series presents the results of Engagement International’s engagement with coal companies over the past three years, which can further inform investors’ strategies to the controversial industry.
Read MoreClimate Series: Electric Utilities Adapting to a Low-carbon Future
Electric utilities are among the biggest climate change contributors. Globally the sector is responsible for 25% of CO2 emissions, mainly due to its significant reliance on fossil fuels for energy generation.
Read MoreHow investors equip themselves against climate change
How should pension funds and other asset owners act to comply with the TCFD recommendations on climate disclosure? Read the latest article in Økonomisk Ugebrev (in Danish).
Significant CO2 reduction in Top 100 Climate companies
Read about the main results of the engagement Engagement International has conducted with the 100 listed companies that are contributing the most to climate change in a new article in Økonomisk Ugebrev (in Danish).
Oil sales: Maersk forgot the climate perspective
Total has acquired Maersk Oil. Read about the climate perspectives in Økonomisk Ugebrev.
25 largest climate sinners
Read about the 25 largest climate sinners since 1988 and their (lack of) willingness to support the Paris Agreement, according to Engagement International’s dialogue with the companies. Article in Danish Økonomisk Ugebrev.
Climate adaptation continues despite the message from US
The business transition towards a low-carbon economy will continue despite the Trump-government withdrawal from the Paris Climate agreement. Read about the main consequences in Økonomisk Ugebrev.
Investors demand clarity from oil and gas companies regarding climate change
During the latest weeks there has been a historical shareholder ‘rebellion’ against oil and gas giants due to their unclear strategies regarding climate change. Read more in an article in Økonomisk Ugebrev.