Climate Action 100+ starts applying pressure at industry level

Here’s the intro from this “ESG Today” article about the investor initiative – “Climate Action 100+” – with 575 investors representing more than $54 trillion in assets:

Climate-focused investor engagement initiative Climate Action 100+ announced today the launch of Global Sector Strategies, a new initiative focusing investor engagement strategies for decarbonization at the sector level.

The new initiative will focus on selected high-emitting sectors, starting with steel, and over the next few months targeting food and beverage, electric utilities, trucks, and diversified mining. According to Climate Action 100+, the new strategy marks the first time that sector-level decarbonisation dialogue has been led by investors.