Climate Action 100+ is an investor initiative launched in 2017 to ensure the world’s largest corporate greenhouse gas emitters take necessary action on climate change. More than 360 investors with over $34 trillion in assets collectively under management are engaging companies to:

  • Curb emissions
  • Improve governance and
  • Strengthen climate-related financial disclosures.

The companies include 100 ‘systemically important emitters’, accounting for two-thirds of annual global industrial emissions, alongside more than 60 others with significant opportunity to drive the clean energy transition. See the Investors area for the full statement and the list of investor signatories.

The work of Climate Action 100+ is done at two levels—organisational governance and structured engagements. 

Governance

Climate Action 100+ is coordinated by five regional partner organisations. It is governed by a global steering committee made up of the lead executives of these five organisations and representatives of five investor signatories appointed by the regional partners.

The Steering Committee draws from five regions:
Asia North America Australia/New Zealand Europe Global
Partner Organisations
Asia Investor Group on Climate Change Ceres Investor Group on Climate Change Institutional Investor Group on Climate Change Principles for Responsible Investment
Investor Representatives
Manulife Investment Management CalPERS Australian Super HSBC Global Asset Management Ircantec

Climate Action 100+ Steering Committee

The Steering Committee is responsible for the governance and strategy of Climate Action 100+, and carrying out its ultimate mission and purpose to achieve the greatest impact as an initiative. Steering committee members include:

  • Stephanie Maier, Director of Responsible Investment, HSBC Global Asset Management (Steering Committee Chair)
  • Stephanie Pfeifer, Chief Executive Officer, Institutional Investor Group on Climate Change (Steering Committee Vice Chair)
  • Rebecca Mikula-Wright, Director, Asia Investor Group on Climate Change
  • Andrew Gray, Senior Manager of Investments Governance, AustralianSuper
  • Anne Simpson, Director of Board Governance and Strategy, CalPERS
  • Mindy Lubber, CEO and President, Ceres 
  • Emma Herd, CEO, Investor Group on Climate Change
  • Laetitia Tankwe, Adviser to Ircantec President Jean-Pierre Costes, Groupe Caisse des dépôts
  • Emily Chew, Global Head of ESG Research and Integration, Manulife Investment Management
  • Fiona Reynolds, CEO, Principles for Responsible Investment

The role of Steering Committee chair and vice chair rotate every six months among the five regions. The chair is the investor representative for each region and the vice chair is the CEO of the respective partner organisation.

Advisory bodies provide Climate Action 100+ and its partner organisations with technical support and strategic insights into regional markets and engagement activities.

The Technical Advisory Group brings together selected organizations that asses companies’ preparedness for the transition to a low-carbon economy, in support of efforts to mitigate climate change. These entities have provided technical expertise along with company-specific research and analysis now contained in the Climate Action 100+ Company Dashboard. This information is deployed by signatory investors to inform their engagements and to make peer comparisons within sectors and regions. The Technical Advisory Group is chaired by Cynthia McHale, Senior Director, Ceres, and its members include 2 Degrees Investing Initiative, Carbon Tracker, InfluenceMap, and Transition Pathway Initiative, as well as the co-chairs of the Climate Action 100+ Benchmarking Working Group.

The Asia Advisory Group was established to provide strategic insight into the local Asian markets. The group assists with fostering greater understanding of cultural sensitivities and specific engagement nuances in the local markets to achieve the best results possible under the initiative. Its members are:

  • Rebecca Mikula-Wright, Director, AIGCC
  • Anne Simpson, Director of Board Governance and Strategy, CalPERS
  • Sophia Cheng, CIO, Cathay Financial Holdings
  • Richard Pan, Managing Director, Head of QFII Investment, Head of International Business, China Asset Management Co., Ltd.
  • Hiro Mizuno, Executive Managing Director and CIO, Government Pension Investment Fund
  • Emily Chew, Global Head of ESG Research and Integration, Manulife Investment Management
  • Ben Pincombe, Head of Active Ownership, Climate Change, PRI

Five working groups oversee the implementation of the initiative. They are:

Implementation Working Group (Global strategy) Benchmarking Working Group (Progress assessment) Communications Working Group Governance Working Group Fundraising Working Group

Engagements

Climate Action 100+ is delivered through five Engagement Working Groups operating across regions and sectors. The working groups provide investor signatories quarterly regional updates on engagements and coordinate a Global Forum on engagements across the regions. Global meetings are held on a biannual basis and focus on progress in different regions and sectors.

Asia North America Australia/New Zealand Europe Multi-region
AIGCC-PRI Asia Engagement Group
32 company engagements
Ceres North America Engagement Group
33 company engagements
IGCC Australasia Engagement Group
13 company engagements
IIGCC European Engagement Group
46 company engagements
PRI Climate Engagement Groups
39 company engagements

*Please note numbers add to 163 because two companies are dual listed and engagements are ongoing in both regions.

Engagements with focus company executives and board members are undertaken by a lead investor working with a group of collaborating investors. A central message of each engagement will be that inaction by investee companies following engagement may result in investors taking further action. While Climate Action 100+ signatories conduct the engagements with each company, they are supported by one or more of the regional partner organisations. The following chart shows which organisation is helping with the coordination of each company engagement:

CompanyHQSectorPartner organisation
A.P. Moller – MaerskDenmarkTransportationPRI
ADELAIDE BRIGHTON LTD.AustraliaConstruction MaterialsIGCC
AGL ENERGY LIMITEDAustraliaUtilities & Power ProducersIGCC
AIR FRANCE KLM SAFranceTransportationPRI
Airbus GroupNetherlandsTransportationPRI
AMERICAN AIRLINES GROUP INC.USATransportationPRI
American Electric Power Company, Inc.USAF(MN)Ceres
Anglo AmericanUKMining & MetalsIIGCC
Anhui Conch CementChinaConstruction MaterialsAIGCC/PRI
ANTAMIndonesiaMining & MetalsAIGCC/PRI
ArcelorMittalLuxembourgMining & MetalsIIGCC
BASF SEGermanyChemicalsIIGCC
Bayer AGGermanyChemicalsIIGCC
Bayerische Motoren Werke AktiengesellschaftGermanyAutomobilesIIGCC
Berkshire HathawayUSAOtherCeres
BHP BillitonAustraliaMining & MetalsIIGCC & IGCC
BLUESCOPE STEEL LIMITEDAustraliaMining & MetalsIGCC
Boeing CompanyUSATransportationPRI
BORAL LIMITEDAustraliaConstruction MaterialsIGCC
BPUnited KingdomOil & GasIIGCC
Bumi Resources IndonesiaMining & MetalsAIGCC/PRI
BUNGE LIMITEDUSAFood, Beverages and ForestyPRI
Canadian Natural Resources LimitedCanadaOil & GasCeres
Caterpillar Inc.USAIndustrialsPRI
CEMEX S.A.B. de C.V.MexicoConstruction MaterialsPRI
CentricaUnited KingdomUtilities & Power ProducersIIGCC
CEZ, a.s.Czech RepublicUtilities & Power ProducersIIGCC
Chevron CorporationUSAOil & GasCeres
China Petroleum & Chemical Corporation(Sinopec)ChinaOil & GasAIGCC/PRI
China Shenhua EnergyChinaMining & MetalsAIGCC/PRI
China Steel CorporationTaiwanMining & MetalsAIGCC/PRI
CNOOCChinaOil & GasAIGCC/PRI
Coal IndiaIndiaMining & MetalsAIGCC/PRI
COLGATE-PALMOLIVE COMPANYUSAFood, Beverages and ForestyPRI
COMPAGNIE DE SAINT-GOBAIN S.A.FranceConstruction MaterialsIIGCC
ConocoPhillipsUSAOil & GasCeres
CRH PUBLIC LIMITED COMPANYIrelandConstruction MaterialsIIGCC
Cummins Inc.USAIndustrialsPRI
Daikin Industries, Ltd.JapanConstruction MaterialsAIGCC/PRI
DaimlerGermanyAutomobilesIIGCC
Dangote Cement PlcNigeriaConstruction MaterialsPRI
DANONE S.A.FranceFood, Beverages and ForestyPRI
DELTA AIR LINES, INC.USATransportationPRI
DEVON ENERGY CORPORATIONUSAOil & GasCeres
DOMINION ENERGY, INCUSAUtilities & Power ProducersCeres
DowDuPont Inc.USAChemicalsPRI
Duke Energy CorporationUSAUtilities & Power ProducersCeres
E.ON SEGermanyUtilities & Power ProducersIIGCC
Ecopetrol SaColombiaOil & GasPRI
EDFFranceUtilities & Power ProducersIIGCC
Enbridge Inc.CanadaOil & GasCeres
ENEL SpAItalyUtilities & Power ProducersIIGCC
ENGIEFranceUtilities & Power ProducersIIGCC
Eni SpAItalyOil & GasIIGCC
ESKOM HOLDINGS SOC LIMITEDSouth AfricaUtilities & Power ProducersPRI
Exelon CorporationUSAUtilities & Power ProducersCeres
Exxon Mobil CorporationUSAOil & GasCeres
Fiat Chrysler Automobiles NVItalyAutomobilesIIGCC
FIRSTENERGY CORP.USAUtilities & Power ProducersPRI
Ford Motor CompanyUSAAutomobilesCeres
Formosa PetrochemicalTaiwanOil & GasAIGCC/PRI
Fortum OyjFinlandUtilities & Power ProducersIIGCC
Gas Natural SDG SASpainUtilities & Power ProducersIIGCC
General Electric CompanyUSAIndustrialsCeres
General Motors CompanyUSAAutomobilesCeres
Glencore plcSwitzerlandMining & MetalsIIGCC
HeidelbergCement AGGermanyConstruction MaterialsIIGCC
Hitachi, Ltd.JapanIndustrialsAIGCC/PRI
Hon Hai Precision IndustryTaiwanIndustrialsAIGCC/PRI
Honda Motor CompanyJapanAutomobilesAIGCC/PRI
Iberdrola, S.A.SpainUtilities & Power ProducersIIGCC
Imperial OilCanadaOil & GasCeres
Ingersoll-Rand Co. Ltd.USAIndustrialsPRI
International Paper CompanyUSAFood, Beverages and ForestyPRI
JX Holdings, IncJapanOil & GasAIGCC/PRI
KINDER MORGAN, INC.USAOil & GasCeres
Koninklijke Philips NVNetherlandsIndustrialsPRI
Korea Electric Power CorpSouth KoreaUtilities & Power ProducersAIGCC/PRI
LafargeHolcim LtdSwitzerlandConstruction MaterialsIIGCC
L’AIR LIQUIDEFranceChemicalsIIGCC
Lockheed Martin CorporationUSATransportationPRI
Lukoil OAORussiaOil & GasIIGCC
LyondellBasell Industries Cl ANetherlandsChemicalsIIGCC
Marathon PetroleumUSAOil & GasCeres
Martin Marietta Materials, Inc.USAConstruction MaterialsPRI
MMC Norilsk Nickel OSJCRussiaMining & MetalsIIGCC
NATIONAL GRID PLCUnited KingdomUtilities & Power ProducersIIGCC
NestléSwitzerlandFood, Beverages and ForestyPRI
NEXTERA ENERGY, INC.USAUtilities & Power ProducersCeres
Nippon Steel & Sumitomo Metal CorporationJapanMining & MetalsAIGCC/PRI
Nissan Motor Co., Ltd.JapanTransportationAIGCC/PRI
NRG ENERGY, INC.USAUtilities & Power ProducersCeres
NTPC LtdIndiaUtilities & Power ProducersAIGCC/PRI
OCCIDENTAL PETROLEUM CORPORATIONUSAOil & GasCeres
Oil & Natural GasIndiaOil & GasAIGCC/PRI
OMV AGAustriaOil & GasIIGCC
ORIGIN ENERGY LIMITEDAustraliaOil & GasIGCC
PACCAR IncUSATransportationCeres
Panasonic CorporationJapanIndustrialsAIGCC/PRI
PepsiCo, Inc.USAFood, Beverages and ForestyCeres
PETROCHINA Company LimitedChinaOil & GasAIGCC/PRI
Petróleo Brasileiro SA – PetrobrasBrazilOil & GasPRI
PEUGEOT SAFranceAutomobilesIIGCC
PGEPolandUtilities & Power ProducersPRI
Phillips 66USAOil & GasCeres
PJSC GazpromRussiaOil & GasIIGCC
POSCOSouth KoreaMining & MetalsAIGCC/PRI
Power Assets Holdings LimitedChinaUtilities & Power ProducersAIGCC/PRI
PPL CORPORATIONUSAUtilities & Power ProducersPRI
Procter & Gamble CompanyUSAFood, Beverages and ForestyCeres
PTTThailandOil & GasAIGCC/PRI
QANTAS AIRWAYS LIMITEDAustraliaTransportationIGCC
Reliance IndustriesIndiaOil & GasAIGCC/PRI
RENAULT S.A.FranceAutomobilesIIGCC
RepsolSpainOil & GasIIGCC
Rio TintoUnited KingdomMining & MetalsIIGCC & IGCC
Rolls-RoyceUnited KingdomTransportationPRI
Rosneft Oil CompanyRussiaOil & GasIIGCC
Royal Dutch ShellNetherlandsOil & GasIIGCC
RWE AktiengesellschaftGermanyUtilities & Power ProducersIIGCC
Saic Motor CorporationChinaAutomobilesAIGCC/PRI
SANTOS LIMITEDAustraliaOil & GasIGCC
Sasol Limited
South AfricaOil & GasPRI
SEVERSTAL’ PAORussiaMining & MetalsIIGCC
Siemens AGGermanyIndustrialsPRI
SK Innovation Co LtdSouth KoreaOil & GasAIGCC/PRI
SOUTH32 LIMITEDAustraliaMining & MetalsIGCC
Southern Copper CorporationUSAMining & MetalsPRI
SSAB ABSwedenMining & MetalsIIGCC
SSE PLCUnited KingdomUtilities & Power ProducersIIGCC
Statoil ASANorwayOil & GasIIGCC
Suncor Energy Inc.CanadaOil & GasCeres
Suzano Papel e Celulose S.A (Formerly, FIBRIA CELULOSE S.A.)BrazilFood, Beverages and ForestyPRI
Suzuki Motor CorporationJapanAutomobilesAIGCC/PRI
Teck Resources LimitedCanadaMining & MetalsPRI
Tesoro Corporation (Andeavor) ACQUIRED BY MARATHON PETROLEUMUSAOil & GasCeres
THE AES CORPORATIONUSAUtilities & Power ProducersCeres
THE COCA-COLA COMPANYUSAFood, Beverages and ForestyCeres
The Southern CompanyUSAUtilities & Power ProducersCeres
thyssenkrupp AGGermanyMining & MetalsIIGCC
Toray Industries, Inc.JapanChemicalsAIGCC/PRI
TotalFranceOil & GasIIGCC
Toyota Motor CorporationJapanAutomobilesAIGCC/PRI
TransCanada CorporationCanadaOil & GasCeres
UNILEVER PLCUnited KingdomFood, Beverages and ForestyPRI
UNITED CONTINENTAL HOLDINGS, INC.USATransportationPRI
United Technologies CorporationUSATransportationPRI
United TractorIndonesiaMining & MetalsAIGCC/PRI
ValeBrazilMining & MetalsPRI
Valero Energy CorporationUSAOil & GasCeres
Vedanta LtdIndiaMining & MetalsAIGCC/PRI
VISTRA ENERGY CORP.USAUtilities & Power ProducersPRI
Volkswagen AGGermanyAutomobilesIIGCC
VolvoSwedenAutomobilesIIGCC
WAL-MART STORES, INC.USAFood, Beverages and ForestyPRI
WEC ENERGY GROUP, INC.USAUtilities & Power ProducersCeres
WesfarmersAustraliaFood, Beverages and ForestyIGCC
WEYERHAEUSER COMPANYUSAFood, Beverages and ForestyPRI
WOODSIDE PETROLEUM LTD.AustraliaOil & GasIGCC
WOOLWORTHS GROUP LIMITEDAustraliaFood, Beverages and ForestyIGCC
Xcel Energy Inc.USAUtilities & Power ProducersCeres

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