Climate change is the biggest risk that companies and shareholders face. In this context it is in our interests, as articulated in the European Investor Expectation on Corporate Climate Lobbying (2018), that lobbying on related issues be used as a constructive force. This statement builds on the 2015 global investor statement on climate lobbying, with a similar initiative also adapted for the US (2019).

As asset owners and asset management firms we believe that companies should ensure that any public policy interventions by industry associations – conducted on the company’s behalf and resourced with shareholder funds – are aligned with our beneficiaries’ interests and support the goals of the Paris Climate Agreement.

Consistent and timely action now can help to keep the increase in global average temperature to well below 2°C above pre-industrial levels; and to limit the increase to 1.5°C.