BHP, a focus company of Climate Action 100+, today published its Climate Action Transition Plan 2021. The plan was jointly welcomed by the lead investors engaging the company through the Climate Action 100+ initiative.
“We welcome this statement of BHP’s climate transition actions and plans, which continues a record of open communication on climate. It is a realistic statement of the challenges faced, in particular for Scope 3 emissions. We look forward to ongoing dialogue through Climate Action 100+ on the implementation of measures outlined.”
Alice Evans, Managing Director, Co-Head of Responsible Investment, BMO Global Asset Management
Thomas O’Malley, Head of Policy, HSBC Asset Management
About Climate Action 100+
Climate Action 100+ is the world’s largest investor engagement initiative on climate change. It involves more than 615 investors, responsible for over $55 trillion in assets under management. Investors are focused on ensuring 167 of the biggest corporate greenhouse gas (GHG) emitters take the necessary actions to align their business strategies with the goals of the Paris Agreement. This includes improving corporate governance, reducing GHG emissions, and strengthening climate-related financial disclosures.
The 167 companies include the initial 100 ‘systemically important emitters’, identified with the highest combined direct and indirect GHG emissions, and additional companies selected by investors as critical to accelerating the net zero transition.
Launched in 2017, Climate Action 100+ is coordinated by five investor networks: Asia Investor Group on Climate Change (AIGCC); Ceres (Ceres); Investor Group on Climate Change (IGCC); Institutional Investors Group on Climate Change (IIGCC) and Principles for Responsible Investment (PRI). These organisations, along with five investor representatives from AustralianSuper, California Public Employees’ Retirement System (CalPERS), Gam Investments, Ircantec, and Sumitomo Mitsui Trust Asset Management form the global Steering Committee for the initiative. Follow us on Twitter: @ActOnClimate100.