The Church of England\u2019s National Investing Bodies (NIBs) are delivering on their 2018 commitment to General Synod to engage with and disinvest from high carbon emitting companies that are not making progress to align with the goals of the Paris Agreement by 2023.<\/p>\n
Twenty companies have made climate-related changes to stay off the Church\u2019s restricted list since 2020.
\nFollowing extensive engagement efforts by the NIBs, nine companies made changes to meet the 2021 hurdles. As a result they stayed off the restricted list for a further year, while 28 companies that did not meet the latest climate hurdles were restricted. <\/p>\n
These actions are part of the NIBs\u2019 commitment to transitioning their portfolios away from companies that are unwilling to act and align their businesses with the Goals of the Paris Agreement. The climate hurdles were set by the NIBs using Transition Pathway Initiative (TPI) data. Additional exacting hurdles will come into force in 2022 and 2023. <\/p>\n
The NIBs are founding members of TPI and are investor engagement leads in the Climate Action 100+ (CA100+) global engagement initiative. As long-term investors, the NIBs will continue to engage with companies to meet their climate objectives and build alliances with like-minded investors to engage with company boards and executives.<\/p>\n
Read it all<\/a>.<\/p>\n Twenty companies have made climate-related changes to stay off the Church\u2019s restricted list since 2020.https:\/\/t.co\/aN0w4Eu3Ib<\/a>?<\/p>\n — St Eds Cathedral (@stedscath) January 21, 2022<\/a><\/p><\/blockquote>\n \n