Today’s decision by Glencore demonstrates how investors are working with companies through the Climate Action 100+ to put in place practical strategies to achieve the goals of the Paris Agreement.
This announcement follows similar announcements by Shell, BP and Maersk, who have worked with investors through the Climate Action 100+ to agree to sensible roadmaps for action.
“We welcome positive engagement with companies, like with this Glencore announcement, to achieve effective climate change outcomes in the best interests of the Australian economy and shareholder returns”, said Emma Herd, CEO of the Investor Group on Climate Change and member of the global Steering Committee for the Climate Action 100+.
“Investors are stepping up their actions as part of a growing concern regarding systemic climate change risks and to ensure that investments deliver in the long-term interests of super fund members”.
“We look forward to further engagement with companies through the Climate Action 100+,” said Ms Herd.