Investors urge FTSE 100 companies to set out climate transition strategy plans

LAPFF and CCLA letter

Sorin-Andrei Dojan
clock • 2 min read

Companies should set out credible transition plans for investors, including Paris-aligned targets and detailed strategies for how to achieve the goals, the Local Authority Pension Fund Forum (LAPFF) and CCLA have written in a letter to the chairs of 76 FTSE 100 companies.

The letter, supported by investors with a total of £1.6trn in assets under management, comes ahead of the next year's annual general meeting season and is addressed to companies that have not held a vote on their climate transition plans in the last three years. According to LAPFF and CCLA, companies should outline their climate strategies within these transition plans and include materials detailing climate-related impacts in their financial statements. This, in turn, should help shareholders reach informed investment and stewardship decisions, with the letter stating that certain vo...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on ESG

Scottish Oriental Smaller Companies trust deems ESG an 'emerging risk'
ESG

Scottish Oriental Smaller Companies trust deems ESG an 'emerging risk'

NAV up 18.6% over the year

Beth Brearley
clock 14 November 2024 • 3 min read
Diversity Project's Steve Butler: Collaborating for change from within
ESG

Diversity Project's Steve Butler: Collaborating for change from within

'No silver bullet'

Steve Butler
clock 13 November 2024 • 3 min read
COP29: Keir Starmer confirms UK will aim to cut emissions 81% by 2035
ESG

COP29: Keir Starmer confirms UK will aim to cut emissions 81% by 2035

UK's updated national climate plan

Michael Holder
clock 12 November 2024 • 8 min read
Trustpilot