Investors Managing US $ 47 Billion Call for Net Zero Emissions Plan | Environment

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Institutional investors who collectively manage more than $ 47 billion in assets have called on the world’s largest polluting companies to reverse strategies to achieve net zero greenhouse gas emissions and have pledged to hold them to account public.The Climate Action 100+ group, which represents 518 major investor organizations around the world, wrote to 161 fossil fuel, mining, transportation and other major emitting companies outlining 30 climate metrics and targets against to which they will be analyzed in a report to be published early next year.

This is the latest step in a campaign by climate-conscious shareholders to force business leaders to explain how their goals and strategies will help achieve the goals of the 2015 Paris Agreement.

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