Helping companies set ambitious climate targets

IN A NUTSHELL

Our Investor Decarbonisation Initiative brings together institutional investors to encourage companies to set ambitious climate targets in line with goals of the Paris Agreement. The initiative delivers coordinated company engagement, promoting proactive emissions reductions at the rate required to avoid dangerous climate change. We want to give investors the tools they need to catalyse further and faster corporate climate action.

Why this is important and what we’re doing about it

Corporate leadership on climate change is essential in delivering the low-carbon transition at the scale and speed necessary to avoid dangerous global warming. While the majority of companies have some plans in place to reduce their emissions, current business plans often fall short of what is necessary to deliver the internationally-agreed goal of limiting global temperature rise to well-below two degrees.

Some forward-looking businesses have already recognised the opportunity and imperative to act and are using ambitious climate strategies as a driver of long-term sustainability, innovation and resilience. ShareAction is collaborating with a number of other non-profit organisations and a diverse group of investors to make this behaviour the new norm.

Our Investor Decarbonisation Initiative aims to unlock the power of the investment system to accelerate corporate climate action. Bringing together pension funds, charitable trusts and asset managers, this initiative mobilises investor support for science-based emissions targets and complementary commitments to renewable electricity (RE100), energy productivity (EP100), and electric mobility (EV100).

We would welcome any investors who would like to join the initiative and make public their commitment to engage with companies on ambitious and proactive climate action. This initiative builds on the success of ShareAction’s previous engagements urging companies to commit to 100% renewable electricity and join the RE100 initiative.

The Investor Decarbonisation Initiative is one part of a larger programme of work tackling climate change using the investment system. You can find out more about our other climate initiatives here.

Investor signatories

Aargauische Pensionskasse (APK)
Achmea Investment Management
Adrian Dominican Sisters Portfolio Advisory Board
Aegon Asset Management
Arabesque Asset Management
Arvella Investments
Ashden Trust
ATISA Personalvorsorgestiftung der Tschümperlin-Unternehmungen
Australian Ethical Investment
Aviva Investors
Bank J. Safra Sarasin
Barrow Cadbury Trust
Bernische Lehrerversicherungskasse
Bernische Pensionskasse BPK
Boston Common Asset Management
BPL Pensioen
Caisse de pensions de l’Etat de Vaud (CPEV)
Caisse de pension des sociétés Hewlett-Packard en Suisse
Caisse de pension du Comité international de la Croix-Rouge
Caisse de pensions du personnel communal de Lausanne
Caisse de pensions ECA-RP
Caisse de Prévoyance de l’Etat de Genève (CPEG)
Caisse de Prévoyance des Interprètes de Conférence (CPIC)
Caisse de prevoyance du personnel de L’Etat de Fribourg
Caisse de prévoyance du personnel de l’Etat du Valais (CPVAL)
Caisse intercommunale de pensions (CIP)
Caisse paritaire de prévoyance de l’industrie et de la construction (CPPIC)
Candriam Investors Group
CAP Prévoyance
Carmignac
CCAP Caisse Cantonale d’Assurance Populaire
CIEPP – Caisse Inter-Entreprises de Prévoyance Professionnelle
Congregation of St. Joseph
Dana Investment Advisors
Daughters of Charity, Province of St. Louise
Dignity Health
Domini Impact Investments
Ecofi Investissements
EdenTree Investment Management
Environment Agency Pension Fund
ERAFP
Esmée Fairbairn Foundation
Etablissement Cantonal d’Assurance (ECA VAUD)
Ethos Foundation
EQ Investors
First Affirmative Financial Network
Fond. métallurgie vaud. bâtiment (FMVB)
Fondation de prévoyance Artes & Comoedia
Fondation de prévoyance du Groupe BNP PARIBAS en Suisse
Fondation Leenaards
Fondation Patrimonia
Fonds interprofessionnel de prévoyance (FIP)
Fondation Interprofessionnelle Sanitaire de Prévoyance (FISP), Switzerland
Gebäudeversicherung Luzern
GF International Asset Management
Green Century Capital Management
GVA Gebäudeversicherung des Kantons St. Gallen
Hermes Investment Management
Impact Investors
Impax Asset Management
Jesuits in Britain
Jesuit-West Province of the Society of Jesus (U.S.A.)
JJ Charitable Trust
Joseph Rowntree Charitable Trust
Kames
KBI Global Investors
KLP
Luzerner Pensionskasse
Pensionskasse AR
Pensionskasse Bank CIC (Schweiz)
Pensionskasse Bühler AG Uzwil
Pensionskasse der Basler Kantonalbank
Pensionskasse Pro Infirmis
Pensionskasse Römisch-katholische Landeskirche des Kantons Luzern
Pensionskasse Schaffhausen
Personalvorsorgekasse der Stadt Bern
Mark Leonard Trust
Pensionskasse SRG SSR
Maryland Province of the Society of Jesus
Mercy Health
Mercy Investment Services
Mirova
NEI Investments
Nest Sammelstiftung
Öhman
Ostrum Asset Management
Paul Hamlyn Foundation
Pax World Funds
Pensionskasse Basel-Stadt (PKBS)
Pensionskasse Caritas
Pensionskasse der Stadt Winterthur
Pensionskasse Stadt Luzern
Pensionskasse Unia
Polden-Puckham Charitable Foundation
Prévoyance Santé Valais (PRESV)
Prévoyance.ne
Profelia Fondation de prévoyance
Prosperita Stiftung für die berufliche Vorsorge
Retraites Populaires
Sarasin & Partners
Secunda Sammelstiftung
Solothurnische Gebaudeversichering
St. Galler Pensionskasse
Stiftung Abendrot
Strathclyde Pension Fund
Terre des Hommes
The Health Foundation
The Nathan Cummings Foundation
Trillium Asset Management
Triodos Investment Management
Unfallversicherungskasse des Basler Staatspersonals
Université de Genève (UNIGE)
USA Northeast Province of the Society of Jesus
Verein Barmherzige Brüder von Maria-Hilf
Vorsorge SERTO
WHEB Group

Campaign resources

Decarbonising Real Estate: Foundations for Success

Energy use in buildings contributes more than 17.5 percent to global greenhouse gas emissions, and their construction is a key driver behind demand for steel and cement, which together are responsible for another 10.2 percent of emissions. Decarbonising the real estate sector is vital to reach net zero emission targets by 2050. This report sets out recommedations for investor to engage with this crucial industry.

Download

Feedback to EU Taxonomy criteria on climate change adaptation & mitigation

ShareAction has provided feedback to the EU Taxonomy draft Delegated Acts on the Technical Screening Criteria for climate change adaptation and mitigation.

Please find our full response in the document attached.

The EU Taxonomy has been hailed globally as a milestone in creating the much-needed tools for financing the transition to a low-carbon economy. For this tool to effectively facilitate reaching the EU emission reduction targets and commitments under the European Climate Law to meet climate-neutrality by 2050, it needs to fully endorse the ambition of the Technical Expert Group’s (TEG) recommendations, if not going even further.

Our key recommendations concern the following areas:
– Maintain the proposed climate change mitigation criteria for electricity generation of 100g CO2/kWh to effectively exclude natural gas without abatement (CCSU)
– Exclude the burning of all forest biomass for energy as well as reverse the inclusion of all bioenergy feedstocks with higher lifecycle emissions compared to fossil-fuels
– Explicitly exclude hydrogen produced with non-renewable power
– Reconsider the inclusion of activities such as short-term forestry rotation, livestock and small hydropower
– The inclusion of sea and coastal water transport should be conditional on the examination by the Platform on Sustainable Finance
– Exclude the burning of refuse-derived fuel (RDF) in cement plants, as recommended by the TEG

We have also supported a civil society joint-statement on the draft Delegated Acts, which is available here.

Download

Get in touch

Helen Wiggs

Helen Wiggs

Head of Climate Change