Investors holding $29trn in assets demand 1,600 firms set science-based climate goals

Ahead of COP26 summit

Hundreds of leading investors and lenders from around the world collectively holding over $29.3trn in assets have today called on 'high-impact' companies to set science-based climate targets ahead of the upcoming COP26 Climate Summit in November.

Around 220 financial institutions from across 26 countries - including major names such as Allianz, Amundi, and Cathay Financial Holding - are targeting their demands at 1,600 companies with a collective market capitalisation of over $41trn, which they claim are together responsible for 11.9 gigatons of CO2 - more than the total annual emissions of the US and EU combined. They are urging these 1,600 companies, including major corporates such as Hyundai Motor Company, Associated British Foods, Nippon Steel, and Samsung, to set credible Scope 1, 2, and 3 emissions reduction targets that ca...