Many companies are still lobbying against the Paris Agreement, according to InfluenceMap, a nonprofit group that pushes for corporate action on climate. It says only 14% of 375 companies it tracks have aligned their detailed climate-policy engagement activities with the Paris Agreement.
“Corporate political engagement continues to represent one of the key barriers to delivering the Paris Agreement’s goals,” said Ed Collins, director of corporate lobbying at InfluenceMap.
Having a shared standard will make it easier for companies to show their public climate promises are serious, said Adam Matthews, chief responsible investment officer at the Church of England Pensions Board.
But companies that don’t sign up may face more shareholder pressure.
Read it all (registration or subscription).
💡Climate policy is one of the main interventions that will get us on a path to 1.5ºC. An impressive 21 resolutions have been filed in the US on Paris-Aligned Lobbying for the 2022 proxy season @CeresNews https://t.co/8YJ1H80sY7 via @WSJ
— Rebecca Hoffman (@rebeccahoffmn) March 14, 2022