Investor letter on power sector decarbonisation
95 investors, with a collective $11.5 trillion in assets under management or advise, have issued a letter calling on European power companies to “plan for their future in a net-zero carbon economy.”
Asking firms to demonstrate they are implementing business strategies aligned with the goals of the Paris Agreement, the investors set out a series of expections of action they expect companies to take in the letter available for download.
A copy of the letter has been published by the Financial Times (here), while copies have been sent by the IIGCC on behalf of the signatory investors to Eurelectric as the relevant sector trade body and Germany’s coal exit commission. A copy of the letter will also be sent to European power companies with the largest emissions footprints across the region, listed as Climate Action 100+ ‘focus companies‘.
See here for the accompanying press release.
Climate Action 100+ flagged resolution: TotalEnergies SE: AGM – 26 May 2023
Climate Action 100+ flagged resolution: Shell plc: AGM – 23 May 2023
Climate Action 100+ flagged resolution: Equinor ASA: AGM – 10 May 2023