IIGCC has published investor expectations for chemicals companies’ transition to net zero.
The expectations – supported by a group of 20 investors including, Nordea Asset Management, Phoenix Group, Robeco, and Trusteam – were developed by a number of IIGCC members, and are designed to build on and complement the Climate Action 100+ Net Zero Company Benchmark. The expectations are relevant to European and North American chemical companies, including those beyond the Climate Action 100+ focus list of companies.
The chemicals sector is the third-largest source of industrial greenhouse gas emissions globally, and nearly 95% of all manufactured products use chemicals as inputs. These expectations will be used to help further inform the investors’ engagement strategy and priorities for relevant companies in the chemicals sector.