Institutional investors and investor groups launched the "Global Standard on Responsible Climate Lobbying" to promote responsible climate lobbying practices in alignment with the Paris Agreement. Developed by AP7, BNP Paribas Asset Management (BNPP AM) and the Church of England Pensions Board, and informed and supported by the PRI, IIGCC, Ceres and others, the 14-point “Standard” calls on companies to make ‘comply or explain’ disclosure across the areas of policy & commitment (e.g., publicly committing to align all climate lobbying with the Paris goals), corporate governance (e.g., formal board oversight and management accountability), enumerated actions (e.g., participating in Paris agreement-aligned coalitions), and with respect to specifically enumerated disclosures (e.g., publicly disclosing involvement in and support for all climate change-related lobbying associations, alliances, and coalitions).
See the supporting investor statement; Ceres’ release; and these articles: “Investors Demand Climate Lobbying Transparency” (ESG Investor), “New standard calls on companies to align climate change lobbying with 1.5⁰C” (Responsible Investor), “Investor Group Launches Standard to Assess and Guide Corporate Climate Lobbying” (ESG Today), and “Investors Dial Up Pressure Over Companies’ Climate Lobbying” (WSJ).
This post first appeared in the weekly Society Alert!