An influential investor group demands the world’s largest polluters to execute strategies for ‘net-zero’ carbon by 2050
- Climate Action 100+ has demanded the world’s largest greenhouse-gas emitters to execute “net-zero” strategies by 2050 or earlier.
- The group formally urged 161 companies including Anglo-Australian miners BHP and Rio Tinto, as well as oil producers Chevron, BP, Total and Shell to cut emissions by 45% relative to 2010 levels by 2030.
- These “focus companies” will be evaluated against targets in a benchmark report to be released early next year.
- Asset managers are becoming increasingly concerned over climate change affecting financial investments.
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A group representing investors that manage assets worth more than $47 trillion has demanded the world’s largest polluters to execute carbon-neutral business strategies earlier than or by 2050.
In a letter to 161 large carbon emitters, Climate Action 100+ set out targets against which each company will be scrutinized in a benchmark report expected to be published by early