2030 Finance | October 13, 2020

Investors ratchet up pressure on big corporate carbon emitters

ImpactAlpha
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ImpactAlpha

ImpactAlpha, October 13 – More investors are pressing more companies to cut more emissions. 

The new Business Ambition for 1.5°C campaign is urging more than 1,800 high-emitting companies to set science-based emissions targets to achieve net zero emissions by 2050 at the latest. U.K.-based nonprofit CDP, which is leading the effort, has warned that large companies face $1 trillion in risk from climate impacts that are likely to hit in the next five years. 

Among the 137 investors representing $20 trillion in assets are AXA Group, Legal & General Investment Management, Nikko Asset Management and Generation Investment Management. 

“Companies that are failing to set targets grounded in science risk losing out – and causing greater damage to the world economy,” said CDP’s Emily Kreps.

An earlier effort, Climate Action 100+, has sought commitments from 161 big corporate emitters to meet the Paris climate agreement’s goals of keeping temperature increases below 2°C.