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Big investors press major companies to step up climate action

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Big investors press major companies to step up climate action
More than 200 institutional investors with Rs 26 trillion in assets under management said on Tuesday they would step up pressure on the world´s biggest corporate greenhouse gas emitters to combat climate change.
Two years to the day since 195 governments adopted the Paris climate agreement, investors including Pacific Investment Management Co, Amundi, Legal &General Investment Management, Northern Trust and Aegon said they aimed to work with the 100 biggest polluting companies to curb emissions under a five year plan.
That, they said, would be more effective than threatening to pull the plug on their investments in such companies, which include Coal India, Gazprom, Exxon Mobil and China Petroleum &Chemical Corp. "We will be asking companies to curb emissions and bring them down in line with the Paris goals," said Anne Simpson, investment director of sustainability at the California Public Employees´ Retirement System.
The Business Standard, New Delhi, 13th December 2017

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