Global Standard on Responsible Climate Lobbying Launches
Investor statement of intent recognises crucial role of lobbying in global warming.
An investor group including BNP Paribas Asset Management, the Church of England Pensions Board and AP7 has launched a global standard on responsible climate lobbying to ensure companies’ lobbying and political engagement activities keep global warming within 1.5⁰C.
The standard consists of 14 policy and practice indicators that companies must adhere to on a comply or explain basis.
Adam Kanzer, head of stewardship, Americas at BNP Paribas said: “We must ensure that we are all rowing in the same direction. Corporate lobbying that is misaligned with the 1.5°C goal of the Paris Agreement is not simply a waste of corporate assets, it is a common threat to our future.”