Giving shareholders a vote on companies’ plans to reduce greenhouse gas emissions would help address one of the most material risks that many companies face. It is also vital for the world that companies put into practice the key net zero promises they have made.
Looking ahead to the 2023 AGM season, Sarasin & Partners has joined with the Local Authority Pension Fund Forum, CCLA and Ethos Foundation to write to the chairs of all FTSE-listed companies (ex-investment trusts), urging them to disclose their 1.5-degree Celsius transition plans and allow investors a say as to whether they are good enough.
Natasha Landell-Mills, Head of Stewardship at Sarasin & Partners LLP, said: “Companies cannot continue to generate wealth on the back of eroding natural capital. Where will investment go to build a net zero future? What harmful activities will be wound down? Investors – and the public – need to know how these promises are going to be delivered.”
Read the full Having a Say on Climate press release.