200 institutional investors are calling on 47 of the largest U.S. publicly traded

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  • 16 Sep 2019 12:00 AM
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200 Investors Call on US Companies to Align Climate Lobbying With Paris Agreement

200 institutional investors, with a combined $6.5 trillion in assets-under-management, have announced they are calling on 47 of the largest U.S. publicly traded corporations to align their climate lobbying with the goals of the Paris Agreement, warning that lobbying activities that are inconsistent with meeting climate goals are an investment risk. The investors said they view fulfilment of the Paris Agreement goal — to limit the global average temperature increase to well below 2°Celsius and pursue efforts to hold it at 1.5°Celsius — as an imperative. The 47 companies, such as Procter & Gamble, Coca-Cola and American Airlines, are the U.S.-based corporations on the Climate Action 100+ focus list. These companies have been identified by investors as some of the largest corporate greenhouse gas emitters or so influential in their industries that they have opportunities to drive the clean energy transition. The letters were sent on behalf of a group of lead investors including BNP Paribas Asset Management and Boston Trust Walden Company and supported by 192 other institutional investors

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