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Show us the plan: Investors push companies to come clean on climate
(Reuters, 24 Feb 2021) While many more companies are issuing net-zero targets for 2050, few have published interim goals or set out detailed plans - something their shareholders are starting to call for.
In the past, shareholder votes on the environment were rare and easily brushed aside. Things could look different in the annual meeting season starting next month, when companies are set to face the most investor resolutions tied to climate change in years.
Those votes are likely to win more support than in previous years from large asset managers seeking clarity on how executives plan to adapt and prosper in a low-carbon world, according to Reuters interviews with more than a dozen activist investors and fund managers.
In the United States, shareholders have filed 79 climate-related resolutions so far, compared with 72 for all of last year and 67 in 2019, according to data compiled by the Sustainable Investments Institute and shared with Reuters. The institute estimated the count could reach 90 this year.
Topics to be put to a vote at annual general meetings (AGMs) include calls for emissions limits, pollution reports and "climate audits" that show the financial impact of climate change on their businesses.
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Reuters, 24 Feb 2021: Show us the plan: Investors push companies to come clean on climate
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