Call for boards to follow 14-point planWarn laggards might deal with investor voteTime need to be called on negative lobbying – AP7LONDON, March 14 (Reuters) – Investors stepped up pressure on business environment lobbying on Monday, introducing a brand-new 14-point action strategy for business to stick to or run the risk of having their actions put to a shareholder vote.The Global Standard on Responsible Climate Lobbying prompts business to dedicate to accountable climate lobbying, divulge the assistance offered to trade groups lobbying on their behalf and take action if it runs counter to the worlds environment goal.That goal, to top international warming at 1.5 degrees Celsius above pre-industrial standards by mid-century, is moving increasingly out of reach, scientists say, with immediate action needed in the short-term to have any hope of reaching it.Register now for FREE limitless access to Reuters.comRegisterDeveloped by Swedish pension plan AP7, BNP Paribas Asset Management and the Church of England Pensions Board, the requirement is backed by investor groups leading on climate talks with business whose members handle a cumulative $130 trillion.”Time must be called on unfavorable climate lobbying.”Corporate lobbying can substantially affect public climate policy,” stated Clare Richards, Senior Engagement Manager at the Church of England Pensions Board.
Investors launch global standard for corporate climate lobbying – Reuters.com
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