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Partnering with Corporations on Climate Solutions

The majority of greenhouse gas emissions come from a small group of the very largest global corporations. While many are beginning to shift their climate policies and practices, opportunities exist for shareholders to work with the companies in which they invest to ensure that those companies are moving to reduce their contribution to climate change, disclosing the impacts of climate risks to their business and maximizing the economic opportunities presented by climate change.

To facilitate the engagement of the largest institutional investors with these globally important emitters, Sea Change Foundation, along with several other major philanthropic partners, has provided the funding to launch Climate Action 100+ through five partner investor organizations: Ceres (USA); Institutional Investors Group on Climate Change (Europe); Asia Investor Group on Climate Change (Asia); Investor Group on Climate Change (Australia/New Zealand); and the Principles for Responsible Investment (International).

To date, 289 investors from 29 countries with over USD $30 trillion in assets under management have signed on to Climate Action 100+, a five-year investor-led initiative to engage with the world’s largest corporate greenhouse gas emitters to improve governance on climate change, curb emissions, and strengthen climate-related financial disclosures.

The initiative is designed to implement the investor commitment first set out in the Global Investor Statement on Climate Change in the months leading up to the adoption of the Paris Agreement in 2015: “As institutional investors and consistent with our fiduciary duty to our beneficiaries, we will work with the companies in which we invest to ensure that they are minimizing and disclosing the risks and maximizing the opportunities presented by climate change and climate policy.” This sustained, collaborative investor-led engagement will seek to realign corporate business plans consistent with the transition to a clean energy economy. It is expected to have considerable ripple effects extending well beyond the companies on the focus list.

Some of the largest global investors, including Australian Super, California Public Employees’ Retirement System (CalPERS), HSBC Global Asset Management, Groupe Caisse des Dépôts, Ircantec, and Manulife Asset Management have helped to design and develop the initiative and are represented on the Climate Action 100+ Steering Committee.