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The Forum is partnering with the ’50-50’ initiative to engage with companies on climate risks and encourage climate resilience planning. Two reports were recently released by ’50-50′:
Spending Against Change
In its latest report ‘Spending against Change’, the Sustainable Investments Institute for the 50-50 Climate Project has assessed climate change governance and political influence spending in 21 of the biggest energy and utility companies in the United States. The finding show that there is minimal board oversight of climate risk, with most Board members lacking relevant climate-related expertise. The report also found that in total, $673 million was spent on lobbying and political spending.
Asset Managers and Climate-Related Shareholder Proposals: Report on Key Climate Votes
The 50-50 Climate Project has published an annual Key Climate Votes Survey to identify how the largest asset managers voted on key climate proposals. The results show that support for proposals seeking reporting on climate risk has increased since 2016, however half of top asset managers have opposed more than 50% of key climate-related proposals.