#Focuslist reviews full
Investors are increasing their engagement with companies at a scale and pace that has never been seen before – and it is wielding results.” Notes to editors:įor further information please contact: a full list of Climate Action 100+ focus companies under ‘Companies’Ĭlimate Action 100+ is an investor initiative to ensure the world’s largest corporate greenhouse gas emitters take necessary action on climate change.
Along with governments, the private sector – investors and business –have a key role to play in addressing climate change and driving decarbonisation. Our teams are working with focus companies to identify a pathway to, and design a just transition for, a sustainable future.”Ĭlimate Action 100+ Vice Chair and Chief Executive Officer of the Principles for Responsible Investment, Fiona Reynolds, said: “Climate Action 100+ has highlighted the power investors have to meaningfully engage with companies to make the necessary changes that will allow the world to transition to a net-zero future. We welcome the opportunity to support signatories in these new engagements. These additions present a strategic opportunity to further curb emissions and enable the transition to a net-zero future by 2050. Given the early stages of these engagements, the nine companies added to the focus list will not be subject to the initial round of assessment under the Climate Action 100+ Net-Zero Company Benchmark, to be release next year, but will be included in future assessments.Ĭlimate Action 100+ Chair and Adviser to Ircantec President Jean-Pierre Costes, Groupe Caisse des dépôts, Laetitia Tankwe, said: “Climate Action 100+ is an investor-driven global collaboration that in a short time has accelerated the capacity for engagement among hundreds of investors, with impressive results. These lead investors will be assisted by a team of collaborating investors. The additional companies are in sectors already being engaged through Climate Action 100+ so as not to overly stretch the focus of the initiative in its first five-year period and to build on practice that has been developed to date.Īll additions to the focus list have had lead investors assigned to them to spearhead engagement. The recent additions are based on the same criteria for earlier inclusions on the focus list: that a company be a globally significant emitter of greenhouse gases and/or they can play a strategically important role in the transition to net-zero emissions by 2050 or before. Replaced by parent organisation Grupo México on the focus listĭe-mergers and asset sales leave Wesfarmers a substantially different company One of the world’s largest cement companiesĬompanies removed from the focus list and the rationale include: Company The largest oil & gas producer in the world One of the 20 largest oil & gas companies on the planet, and second largest in Latin America One of the world’s largest providers of commercial explosives and blasting systems to mining, quarrying and oil & gas The largest diversified miner in Mexico and one of the world’s largest copper producersĪ large multinational manufacturer of explosives, chemicals and fertilisersĪ large upstream oil & gas producer, listed in Australia and operating predominantly in Papua New Guinea Specific company additions to the focus list and the rationale include: CompanyĪ major industrial conglomerate with significant cement, energy and coal interests
The net rise in companies engaged globally through Climate Action 100+ takes the total to 167. Overall, nine companies have been added to the list, while two have been removed. The changes to the Climate Action 100+ focus list follows a periodic review by the initiative to ensure the companies engaged remain relevant to confronting the global climate change crisis.
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