Climate Action 100+ is an investor-led initiative to ensure the world’s largest corporate greenhouse gas emitters take necessary action on climate change.
Flagged director votes at Chevron and Volkswagen highlight director accountability, urging corporate boards to stop undermining the energy transition with obstructive lobbying; and at Valero to start envisioning how they can succeed in a clean energy future.
Planning for a Just Transition is no longer a trade off with the necessary pace of decarbonization, but a vital consideration on the route to net zero. Read more about the Just Transition here as part of our proxy season explainer series.
What's an ARO? As Climate Action 100+ release more flagged votes this week, the initiative continues its explanatory series for the fast approaching proxy season. This week's article covers climate accounting and asset retirement obligations.
The evidence is clear. Across the planet our economies and communities face systemic risks from climate change. To mitigate their exposure and secure ongoing sustainable returns for their beneficiaries, investors must ensure the businesses they own have strategies that accelerate the transition to net-zero emissions by 2050, or sooner and align with the goal of the Paris Agreement, of limiting average global temperature rise to well below two degrees Celsius above pre-industrial levels, and pursuing efforts even further to limit the temperature increase to 1.5 degrees Celsius.