Climate Action 100+ (CA100+), set up in 2017, comprises more than 700 investment firms representing $68 trillion in assets.
At stake is whether CA100+ members use all the tools at their disposal to pressure climate laggards.
FLAGGING CLIMATE LAGGARDSCA100+ posts on its website upcoming shareholder resolutions and board re-election votes but it doesn't recommend voting against directors at climate laggards.
Wespath's sustainability director, Jake Barnett, said that challenging board directors over their climate policies was not being used widely enough "as a method of accountability".
In at least one area there is compulsion; CA100+ members not responding to a survey asking for their engagement interests within a year could be delisted.
Persons:
laggards, Xander Urbach, CA100, Francois Humbert, bodes, Eli Kasargod, Staub, Warren Buffett's Berkshire Hathaway, Jake Barnett, MN's Urbach, Shell, Wael Sawan, Vincent Kaufmann, Tommy Reggiori Wilkes, Greg Roumeliotis, Susan Fenton
Organizations:
Reuters, MN, Generali Investments, Exxon Mobil Corp, Chevron, Valero Energy, Warren, Investments, The United Methodist Church, Shell, Ethos Foundation, Thomson
Locations:
Paris, Swiss