Avy’s weighty investors are demanding more environmental risks

Amazon, Facebook, Tesla և Berkshire Hathaway are unable to provide their shareholders with data on climate change, according to a coalition of heavy investors, which requires 1,320 companies to be more transparent about environmental risks.

Concerns that climate change could lead to catastrophic environmental damage are driving the demands of institutional investors and regulators for companies to accelerate their efforts to achieve their pure carbon emissions target.

Ahead: Cop26 Climate Conference Scheduled in Glasgow in November, 168 asset managers from 28 countries – financial institutions with a combined combined assets of more than $ 17 tonnes – have signed up to support a carbon offset campaign to ensure climate change, deforestation and water use data are available. Properly reported by companies.

It is estimated that more than 4,700 megatonnes (Mt) of carbon dioxide emissions are generated by 1,320 target companies, more than the entire EU, according to CDP H.

CDP Global Capital Markets Director Emily Kreps said the tide is turning against companies that do not respond to investor demands for better exposure to environmental risks.

“This year’s anti-disclosure campaign has reached a record level of support with a 56 percent increase in investor participation. “Investors are looking for consistent, comparable, comprehensive data that will help them meet their own zero expectations,” Kreps said.

US regulators are embroiled in a heated debate over whether US companies should have formal requirements for environmental, social and governance standards.

Amazon և Facebook have signed a: letter: This month, the Securities and Exchange Commission said it supports “regular and consistent reporting on climate issues” while urging the US regulator to allow ESG data. published separately to avoid potential legal issues from the company’s core financial statements.

“Disclosure of mandatory ESG is a powerful planning tool that can help establish regulatory certainty – a level playing field,” said Paula DiPerna, Special Adviser to the North American CDP.

Roche, a Swiss pharmaceutical company, Chipotle Mexican Grill, US burrito chain ային US home builder Lennar are among the 73 latecomers who provide insufficient disclosure on all three environmental issues highlighted by the CCC.

Disclosure requests were also made to 122 Chinese companies, including Alibaba e-commerce group Kweichow Moutai, distillery Meituan Dianping, China’s largest food delivery program.

Environmental information disclosure standards show signs of improvement as a result of pressure from large investors. Last year, a CDP-coordinated campaign led 206 companies to respond to requests for information from investors, up from 97 in 2019.

But the financial sector needs to do more to achieve the goal Zero carbon net economy Less than half of the banks’ shares, asset managers and insurers are taking steps to align their investment portfolios with the limits of global warming, according to CDP H.

Amundi, Aviva, Cathay Financial, HSBC Global Asset Management, Legal & General, Nuveen and Schroders have pledged their support for the DP campaign.

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