It’s time for investors to step up.
With their full shareholder power, there is still time to prevent the worst effects of climate change.
Shareholder Resolution at Standard Bank's AGM
At Standard Bank’s annual general meeting on May 31 2022, we are calling on investors to vote in favour of the Just Share and Aeon Investment Management’s shareholder resolution.
Net-Zero Asset Owner Alliance Climate Voting Report
Climate Votes publishes a new report examining the Net Zero Asset Owners Alliance (NZAOA) climate voting records and proxy voting, finding that overall, transparency is low and few members exercise their share voting rights.
Majority Action CA100+ 2022 Report
Fulfilling the Promise: How Climate Action 100+ Investor-Signatories Can Mitigate Systemic Climate Risk.
What We’re
Calling For
Institutional investors and asset managers hold shares in virtually every publicly listed company in the world, including oil and gas majors, coal producers, banks, and companies driving deforestation. To ensure assets are managed responsibly and in line with a pathway that will preserve a livable planet for all of us, we’re asking investors to support the transition to a decarbonized economy by:
1
Implementing assertive, time-bound engagement policies
2
Voting for shareholder climate resolutions, and against climate-incompetent directors
3
Exiting fossil fuel companies and other climate-destructive corporations that can’t or won’t transition
The Problem
To have a chance of limiting global warming to 1.5 degrees, scientists say that we need to halve carbon emissions this decade. Yet companies are continuing to dig up more coal, gas, and oil, and to build cars, power stations, and infrastructure which burn fossil fuels. Institutional investors own and finance these companies, but are failing to use their shareholder power to push for companies to act on climate.
The Solution
Institutional investors have serious power to shape companies’ futures. By denying new money for fossil fuel expansion, and voting on resolutions and directors at ctUES Tuesday 22nd February! Companies’ annual meetings, investors can ignite a swift transition to clean energy. A small number of investors have started to act in this way, and many more have recently signed up to net zero pledges. If they step up and use their full shareholder power, there’s still time to prevent the worst of climate change.
Our Feed
Climate elders @AntonioGuterres and @FBirol are talking straight! One year ago today the IEA found that there is no space for new oil & gas projects on a net-zero path. And just now the UNSG again called for a clean energy revolution. But the finance industry is not playing ball.
2“Investing in new fossil fuels infrastructure is moral and economic madness." 🎯
The dedication towards fossil fuels over our future shown by governments, financial institutions and fossil fuel giants MUST be challenged by the votes of investors.
https://www.theguardian.com/environment/ng-interactive/2022/may/11/fossil-fuel-carbon-bombs-climate-breakdown-oil-gas#Carbon-bombs
UPDATE: Shareholder resolutions calling on @Chase to stop funding new fossil fuel expansion & to set absolute emissions targets got 10.9% & 15.2% support, respectively.
Top investors like @Vanguard_Group & @BlackRock failed at accountability yet again.
https://www.sierraclub.org/press-releases/2022/05/big-investors-fail-hold-chase-accountable-climate-activists-applaud-levels