Caterpillar Inc. | Report on climate policy
How other organisations have declared their voting intentions
Organisation name | Declared voting intentions | Rationale |
---|---|---|
Sandbar Asset Management LLP | For | |
ACTIAM (Delisted) | For | Caterpillar is in a high greenhouse gas emitting sector and has not yet outlined a clear decarbonisation strategy explaining how it intends to meet reduction targets. Although it has set a medium-term target for 2030, it is missing shorter term targets as well as longer term targets that include scope 3 emissions. We expect to see a defined set of targets and related actions, including alignment of capital expenditure to support the plan. We therefore are in favour of the proposal asking it to disclose this information and report on progress in achieving these. ACTIAM expects all companies in high-emitting sectors to demonstrate their adaptiveness for the transition to a low-carbon economy and actively play a role in mitigating climate change |
LocalTapiola Asset Management Ltd | For | A vote FOR this proposal is warranted, as additional information on the company's efforts to reduce its carbon footprint and align its operations with Paris Agreement goals would allow investors to better understand how the company is managing its transition to a low carbon economy and climate change related risks. |
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