After five years of engagement, Climate Action 100+’s own Net Zero Company Benchmark demonstrates that systemically important US emitters are still failing to set targets or align their capital expenditures or policy influence commensurate with the scale and urgency of the needed energy transition.
Adam Kanzer, Head of Stewardship, Americas
“Climate Action 100+ has been running for five years now and we think the requests are clear. If you’re one of the largest corporate GHG emitters in the world and you don’t have a meaningful net zero by 2050 target, we think it’s time to escalate. For US companies, that means we’re voting against the full board.”
Michael Herskovich, Global Head of Stewardship
“BNP Paribas Asset Management is ranked among the “leaders” in the last Majority Action report. Voting is a crucial tool in our Global Sustainability Strategy. In order to push for energy transition, we do not support board reelection in absence of net zero commitment from Climate Action 100+ companies.”