News

New members increase investor representation on the Steering Committee and expand the mix of geographic experience and expertise.

Climate Action 100+, the world’s largest investor engagement initiative on climate change, has announced the list of 10 companies to be assessed against the Net Zero Standard for Oil & Gas (NZS O&G).

Australian focus company assessments released early to provide investors with updated Benchmark data ahead of regional AGMs.

As providers of transition materials, mining companies play a vital role in decarbonisation. Some are, however, exposed to significant transition risks. For the first time, this standard will provide investors with the necessary metrics to help assess diversified mining companies’ transition plans to net zero.

This proxy season, Climate Action 100+ signatories engaging companies through the initiative have increasingly used the flagged voting platform as a tool in their engagements. Here is a top-level view of the initiative’s findings.

Electric utilities are in a position to prosper during the energy transition – since decarbonization is a huge opportunity to deploy capital and grow earnings. Investors, however, need disclosure on climate lobbying so that they can judge whether companies are aligning their lobbying activities with ambitiously pursuing this multi-billion-dollar opportunity and are not lobbying against their best interests.

A brilliant outcome that shows the positive power of shareholder engagement through Climate Action 100+, as National Grid commits to conduct a climate lobbying review following engagement from the Church of England Pensions Board and AP7 on this critical issue.

The initiative has evolved its core goals, improved and expanded the ways investors can participate, and enhanced the investor engagement model. The new phase, running until 2030, intends to inspire a global scale up in active ownership, markedly shifting the focus from corporate climate-related disclosure to the implementation of climate transition plans.

Draft standard enters next phase of consultation until June 2023, with final version scheduled for publication in Q3 2023. The standard will provide investors with a new tool to help assess diversified mining companies' transition plans to net zero.

Incitec Pivot’s recent climate commitments and potential pathway to net zero are welcomed by investors engaging with Incitec Pivot through Climate Action 100+

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.