The list also includes 76 companies that have set their targets on a price of 1.5C. The WMB predicts that the emissions savings achieved jointly (if the commitments are successful) will be greater than the current greenhouse gas production of France and Spain. The Economic Coalition also estimates that the measures could generate up to $18 billion to combat climate change, plus enough new renewable energy capacity to meet the electricity needs of 11 million U.S. households for a year. But is it too little, too late? According to a commentary published in the latest issue of the journal Nature, the planet has already surpassed important climate tipping points. According to recent reports, an increase in global temperatures from 1C to 2C could be enough to push the planet on an inexorable path to fleeing climate change. This is much less than the 5C previously predicted. There is only one thing that delegates who are meeting this week in Madrid for the annual UN climate summit remember: how to keep the global temperature rise in or below 2 degrees Celsius, as envisaged in the 2015 Paris Agreement. But investors don`t just ask — they act.

With a significant profit, 53% of Chevron Corp.`s shareholders voted this summer in favour of a resolution that would push the oil group to ensure that its lobbying on climate issues complies with the Paris agreement. This is the first time that a climate proposal has won a majority of the company`s shareholders. Other climate lobbying proposals have been supported this proxy season – at Duke Energy Corp. with 42.4 percent “yes,” Exxon Mobil Corp. with 37.5%, Caterpillar with 34%, General Motors Co. with 33%, Delta Air Lines with 45.9% and United Airlines with 31.4 percent. As Greta Thunberg, a 16-year-old Swedish activist, prepares to lead hundreds of thousands of people to a general climate strike, she may be surprised to have a powerful ally in her drive to decarbonize the global economy: institutional investors. At the same time, investors need to do more. They need to align their portfolios on a trajectory of 1.5 degrees Celsius, including investing in low-carbon, carbon-free means that are essential for the global transition to clean energy.

This means working with companies on climate like never before. It is also giving its voice to support a policy oriented towards 1.5 degrees Celsius. Faced with this understanding and the rapid reduction of time for action, a new Ceres report calls on all companies, including lobbying, to take into account the systemic risk of the climate crisis and, therefore, to align themselves with the latest climate science. He called for a “risk-aware” climate lobby. The questions are: Does your lobbying, especially in the area of climate change, take into account the risks that global warming poses to your business? And does this lobbying really help create more risk for your business or industry? Earlier this year, the 161 100-plus climate action companies, including the 47 identified this month, were all informed that they were measured against their progress on climate change using a series of key indicators reflecting the initiative`s objectives.