Investors stepped up pressure on corporate climate lobbying on Monday, launching a new 14-point action plan for companies to stick to or risk having their actions put to a shareholder vote.
The Global Standard on Responsible Climate Lobbying urges companies to commit to responsible climate lobbying, disclose the support given to trade groups lobbying on their behalf and take action if it runs counter to the world's climate goal.
"Time must be called on negative climate lobbying. Investors will no longer tolerate a glaring gap between a company’s words and their actions on climate," said AP7, Sustainability Strategist Charlotta Dawidowski Sydstrand. In a statement, the investors said that lobbying that sought to delay, dilute or block climate action by governments ran counter to their interests and could result in resolutions being filed at the shareholder meetings of firms that failed to act.
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