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ShareAction warns of risks to investors of corporate lobbying on climate change

FTSE 100 companies’ membership of trade associations that have lobbied against progressive climate policies puts their investors at risk, says ShareAction in an investor briefing…It is based on independent research conducted by the Policy Studies Institute (PSI) at the University of Westminster, which recently highlighted how several major EU trade associations have actively lobbied against climate change mitigation. Many publicly owned companies are paying members of these trade associations, which seems at odds with their public calls for a strong international policy framework to combat climate change…A key recommendation in the briefing is that for investors to effectively scrutinise the risks of corporate lobbying, there is a need for greater transparency on the alignment of companies’ climate positions with those of the trade associations they support. Greater disclosure will allow investors to determine whether the lobbying being undertaken on behalf of companies is in the best interests of the company and its investors… [refers to Shell]