For financial institutions, keeping investments in carbon-intensive sectors is a way to maintain a dialogue and influence companies directly responsible for climate change, and thus encourage them to align their climate strategies with a science-based 1.5°C trajectory.
This is why, in addition to exclusion policies, investors shall adopt engagement and voting policies specifically toward oil & gas companies. The credibility of the engagement policy relies on formulating public, precise and impactful demands and on the robustness of its implementation strategy. The more precise, phased and diversified the strategy, the more likely the initial dialogue will be successful. Engagement must include two main demands towards oil and gas companies: 1/ the end of oil and gas expansion 2/ the reduction of oil & gas production.In our Tracker only investors are assessed on engagement policies, but every financial institution
In our tracker, only investors are assessed on their engagement policies, but every financial institution is able to encourage their clients to decarbonize their business, through dialogue.