Investor statement to Shell: Progress against the successful 2015 shareholder resolution
This statement by 31 investors managing over $5 trillion in assets requests greater clarity from Shell on specific elements of climate risk reporting and strategy in aligment with a low-carbon future. The statement will be read aloud by Matt Crossman, of Rathbone Greenback Investors at Shell’s AGM on 24 May. It follows last year’s strategic resilience resolutions co-filed by the Aiming 4 A investor coaltiion which asked the company to be more transparent on areas of climate risk governance, future strategy in line with IEA’s 450 scenario, emissions reduction targets, disclosure and public policy positions. This statement reflects the ongoing dialogue between investors and the O&G sector to understand how assets are aligned with the low carbon transition.
The Net Zero Investment Framework: Supplementary Target Setting Guidance