The significance of say-on-climate resolutions - Part 1: A European overview
Since 2015, companies have been pressured by stakeholders to design environmental strategies that align business models with Paris Agreement climate goals, which calls for global warming to be capped at 1.5°C compared with pre-industrial levels.
While significant progress has been made with respect to corporate disclosure on climate change and environmental issues, there is emerging shareholder demand to provide standardized, comparable net-zero transition plans. The outcomes of ongoing investor and company engagement materialize through say-on-climate resolutions, leading to a "Say-on-climate" momentum in 2021.
In this first part of "The significance of say-on-climate resolutions" series, we will give an overview of the situation in Europe in 2021 regarding these resolutions.
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This article was published by S&P Global Market Intelligence and not by S&P Global Ratings, which is a separately managed division of S&P Global.