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.”

Source: https://esgclarity.com/global-standard-on-responsible-climate-lobbying-launches/