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 SMBC Group's AGM
At SMBC Group’s annual general meeting on June 29 2022, we are calling on investors to vote in favour of the Market Forces, 350.org Japan, Rainforest Action Network and Kiko Network shareholder resolution. This resolution asks SMBC Group to set and disclose short- and medium-term greenhouse gas emission reduction targets for its financed emissions and measures to ensure no contribution to new fossil fuel development.
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
❗️Despite decades of warnings from scientists, the accelerated impacts of the climate crisis are here.
❗️Emissions need slashing by 50% before 2030 to prevent this worsening.
❗️Financial institutions & nation states must take immediate action.
https://www.theguardian.com/environment/2022/aug/04/climate-breakdown-supercharging-extreme-weather
The evidence is in.
Now it’s time for climate-serious asset owners and initiatives to push back, hard. https://twitter.com/dgelles/status/1555519536115470336
NEW: Republican treasurers are working with dark money conservative groups to promote fossil fuels and slow efforts to combat climate change.
I reviewed +10,000 pages of emails and documents that revealed their tactics, and ties to the oil industry.
https://www.nytimes.com/2022/08/05/climate/republican-treasurers-climate-change.html
... because simultaneously, @FederatedHermes touts its climate credentials, including acting as a lead investor for @ActOnClimate100.
4/ https://www.hermes-investment.com/us/en/professional/insights/stewardship/federated-hermes-stewardship-report-2021/