We’ve written previously about Climate Action 100+, an investor led group representing over $32 trillion in assets under management, and its campaign against 161 or so of the largest publicly traded companies seeking to have these companies improve their greenhouse gas emitting practices.
Climate Action 100+ has experienced recent successes in its engagement efforts with a few companies, the details of which are available on its website. In particular, a few companies have agreed to increased public reporting of their climate change strategies and, most notably, to adopt executive compensation metrics tied to greenhouse gas reduction targets. Recently, the group issued a report describing what it believes the steel industry should do to reduce greenhouse gas emissions and related public disclosure of those efforts. Publicly traded steel companies generally and the companies that Climate Action 100+ is currently targeting may wish to review this report to be prepared for future engagement requests or shareholder proposals from the group and/or its individual members.
Our prior blog posts on Climate Action 100+ are available here.
Law Clerk Elijah D. Jenkins contributed to this post.