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Article

20 Feb 2019

Author:
Church Commissioners for England

Church Commissioners for England and leading institutional funds welcome Glencore’s climate change commitments

The Church Commissioners for England and a leading coalition of investors participating in Climate Action 100+ today welcomed a position statement issued by Glencore significantly strengthening its commitment to combat climate change...Speaking as the lead of the Climate Action 100+ dialogue with Glencore, Edward Mason, Head of Responsible Investment for the Church Commissioners for England said: “Delivering on the goals of the Paris Agreement requires unprecedented collaboration and today’s announcement is a positive step forward for Glencore, its investors and the fight against climate change. Investors will now want to hold the company to its commitments and to ensure that the methodology for determining the company’s alignment with the Paris goals is robust.”...The investor engagement with Glencore has been led by the Church Commissioners for England, the endowment fund of the Church of England, with active participation from Investec Asset Management and Kempen. The Church Commissioners were supported by environmental law organisation ClientEarth and with shareholder outreach by ShareAction.