Climate Action 100+ deploys asset managers of $40 trillion to pressure corporate action on climate

Climate Action 100+ (CA100+), the largest asset manager activist alliance, with more than 450 investor members which collectively manage $40 trillion in assets, has secured climate action commitments from 70% of the 161 targeted companies, which account for the vast majority of CO2e emissions, since the group was organized 2.5 years ago.

BlackRock, which joined CA100+ earlier this year and manages $7 trillion in assets, is now among hundreds of large investors which have committed to work to get the targeted corporations (the ‘systemically important emitters’ accounting for two-thirds of annual global industrial emissions) aligned with the goals of the Paris Agreement. These asset managers are now actively driving change at the worst emitter companies from PetroChina to BP, forcing them to make public commitments to reduce emissions from their lines of business.

As the largest investor-to-company climate initiative in history, CA100+ has become the flagship investment industry group demanding that global corporations act on climate change.

Read more by Attracta Mooney at the Financial Times: “Corporate eco-warriors driving change from Shell to Qantas.”