More than 50 institutional investors demand carbon reduction plans from companies

Over 50 large asset managers, including JP Morgan Asset Management, have come together in a shared declaration to companies demanding them to provide clear plans for reducing their carbon emissions.

Photo: Mike Segar/Reuters/Ritzau Scanpix

Companies must provide clear plans for reducing their CO2 emissions, hold boards accountable for executing plans and let shareholders vote annually on how far they think companies are living up to requirements.

This was stated in a declaration signed by more than 50 large institutional investors, seen by the Financial Times.

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