$1.6tn investor group sets sights on chemicals decarbonisation

Responsible investment NGO ShareAction has convened a $1.6tn group of investors to step up shareholder engagement with the chemicals sector, responsible for over 5.8% of global greenhouse gas (GHG) emissions.  Despite its importance for climate change, ShareAction say that the sector has been largely untouched by shareholder engagement. For example, CA100+, the world’s largest investor initiative on climate change, lists just seven chemicals companies on its focus list of 167 companies. And just two of those – Air Liquide and LyondellBasell Industries – saw any public discussion of climate change…

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