“A group of nearly 100 leading pension funds, asset managers, banks, and other institutional investors have today written to the chief executives of the world’s largest 415 public companies urging them to accelerate efforts to deploy cost-effective emission reduction measures,” Business Green reports. The letters, which form part of the Carbon Disclosure Project’s Carbon Action initiative, are tailored to each individual recipient’s circumstances. “Typically,” the publication notes, “they call on chief executives to commit to delivering year-on-year emissions reductions, set targets for cutting greenhouse gas emissions, and step up investment in green measures that deliver a positive return on investment.” Signatories range from Spain’s Banco Santander to asset manager APG. Claudia Kruse, head of sustainability and corporate governance at APG, concludes, “Companies stand to benefit from improving operational energy efficiency as well as from capturing the market opportunity for energy efficiency-related products and services.”
Investors demand more corporate action on energy efficiency
Nearly 100 institutional investors have written to the world’s largest companies calling for cost-effective carbon emission reduction measures.
February 21, 2012