Investors with USD 68trn push companies on climate plans

Climate Action 100+, the world’s biggest investor group on climate change, said it is ramping up efforts to get companies to turn emission-cutting pledges into real-world action.
Photo: Ognen Teofilovski/Reuters/Ritzau Scanpix
Photo: Ognen Teofilovski/Reuters/Ritzau Scanpix
By Alastair Marsh / Bloomberg

The investor coalition Climate Action 100+, set up more than five years ago, has a membership of more than 700 investors including BlackRock Inc. and Legal & General Investment Management, which together oversee USD 68trn of assets. In the next phase, which runs until 2030, signatories that remain in the group will be expected to move from pushing companies to make climate-related disclosures to implementing transition plans, according to a statement published Thursday.

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