Gustavo Bernal Torres
Climate Action 100+ Zeroes In On Industry-Wide Decarbonisation
New Global Sector Strategies workstream will coordinate sector-wide engagement, inform investor expectations on company transition plans and recommend interim actions to accelerate progress.
Sector-wide actions and dialogues with investors mark an evolution of the initiative’s engagement strategy. It is the first time that investors, through Climate Action 100+, have engaged with companies at sector level and challenged industries to collaborative action.
As part of this new workstream, IIGCC published today the first Global Sector Strategy specifically for the steel industry, which reflects 12 months of multi-stakeholder dialogue with consultants, investors and steel companies engaged through Climate Action 100+. The report outlines specific challenges the sector faces in closing the gap to net zero and proposes actions that companies, the industry collectively and investors can take to address these.