Investors managing a combined $140 trillion have come together to put pressure on corporations to disclose their plans on how to deal with climate change in the future.
Investment groups have combined not only to seek out more disclosure about adaptations to climate change, but also to demand that companies meet pledges to become carbon neutral by 2050, Bloomberg reported Monday morning.
The groups, called Responsible Investment and the European Sustainable Investment Forum (sigh), are urging that the EU’s Corporate Sustainability Reporting Directive require companies to prepare “transition plans”.
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EU Investment Groups Worth $140 Trillion Urge For Stricter Corporate Climate Change Disclosures
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