Business Support for Science-Based Climate Policy Seen as Critical to Rein in Climate Change

As President-elect Biden makes clear that tackling climate change will be at the fore front of his administration’s agenda, investors and members of the Interfaith Center on Corporate Responsibility (ICCR) are announcing the launch of a new initiative designed to enlist the support of business in this endeavor. In recognition of the enormous power and influence of the business community on environmental legislation and regulation, investors say they are petitioning portfolio companies to align their lobbying activities with the goal of limiting average global warming to well below 2° Celsius, consistent with the Paris Climate Agreement. While ICCR members have long called for disclosures of corporate lobbying activities, this initiative goes much further by pressing corporations to proactively lobby in favor of policies protective of Earth’s climate. The initiative is part of a broader effort by both European and U.S. investors to make lobbying a central theme in corporate engagements to address climate change.

Business Support for Science-Based Climate Policy Seen as Critical to Rein in Climate Change, Say Investors | ICCR (Interfaith Center on Corporate Responsibility)

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