<html><head><meta http-equiv="Content-Type" content="text/html; charset=utf-8"></head><body style="word-wrap: break-word; -webkit-nbsp-mode: space; line-break: after-white-space;" class=""><h2 class="m_5087414115504879316article-title" style="font-size: 22px; font-family: "Titillium Web", sans-serif; margin: 0px 0px 15px; padding: 0px; border: 0px; outline: 0px; vertical-align: top; color: rgb(35, 35, 35); line-height: 24px;">Investor group adds 61 companies to climate target list</h2><div class="m_5087414115504879316shortcode-content" style="font-size: 13px; font-family: Arial, sans-serif; margin: 0px 0px 20px; padding: 0px; border: 0px; outline: 0px; vertical-align: top;"><span class="m_5087414115504879316icon-text" style="margin: 0px; padding: 0px; border: 0px; outline: 0px; vertical-align: top; font-family: Entypo !important;"></span> <a href="http://www.climateactionprogramme.org/news/category/worldwide/all/" target="_blank" data-saferedirecturl="https://www.google.com/url?hl=en&q=http://www.climateactionprogramme.org/news/category/worldwide/all/&source=gmail&ust=1532268976589000&usg=AFQjCNFxqq_BtvEFGbcD12KUwyhSk3YEaw" style="color: rgb(0, 161, 126); margin: 0px; padding: 0px; border: 0px; outline: 0px; vertical-align: baseline; text-decoration: none; background-position: initial initial; background-repeat: initial initial;" class="">Worldwide</a>, <a href="http://www.climateactionprogramme.org/news/category/finance/all/" target="_blank" data-saferedirecturl="https://www.google.com/url?hl=en&q=http://www.climateactionprogramme.org/news/category/finance/all/&source=gmail&ust=1532268976589000&usg=AFQjCNEe_z0jrD9VC8_oG8lJ-47cR094Qw" style="color: rgb(0, 161, 126); margin: 0px; padding: 0px; border: 0px; outline: 0px; vertical-align: baseline; text-decoration: none; background-position: initial initial; background-repeat: initial initial;" class="">Finance</a></div><div class="m_5087414115504879316shortcode-content" style="margin: 0px 0px 20px; padding: 0px; border: 0px; outline: 0px; vertical-align: top;"><p style="font-family: arial, sans-serif; font-size: 12.8px; font-variant-ligatures: normal; orphans: 2; widows: 2; margin: 0px 0px 15px; padding: 0px; border: 0px; outline: 0px; vertical-align: top; color: rgb(64, 64, 64); text-align: justify;" class=""><strong style="margin: 0px; padding: 0px; border: 0px; outline: 0px; vertical-align: top;" class="">A group of major investors is ramping up its efforts to influence carbon intensive companies.</strong></p><div style="color: rgb(94, 94, 94); font-family: arial, sans-serif; font-size: 12.8px; font-variant-ligatures: normal; orphans: 2; widows: 2; background-color: rgb(255, 255, 255);" class=""><a href="http://www.climateactionprogramme.org/news/investor-group-adds-61-companies-to-climate-target-list" target="_blank" data-saferedirecturl="https://www.google.com/url?hl=en&q=http://www.climateactionprogramme.org/news/investor-group-adds-61-companies-to-climate-target-list&source=gmail&ust=1532268976589000&usg=AFQjCNFdM0jJ38cydfBZ0LZUqXHeYXbQOg" style="color: rgb(17, 85, 204);" class="">http://www.<wbr class="">climateactionprogramme.org/<wbr class="">news/investor-group-adds-61-<wbr class="">companies-to-climate-target-<wbr class="">list</a></div><div style="color: rgb(94, 94, 94); font-family: arial, sans-serif; font-size: 12.8px; font-variant-ligatures: normal; orphans: 2; widows: 2; background-color: rgb(255, 255, 255);" class=""><br class=""></div><p style="font-family: arial, sans-serif; font-size: 12.8px; font-variant-ligatures: normal; orphans: 2; widows: 2; margin: 0px 0px 15px; padding: 0px; border: 0px; outline: 0px; vertical-align: top; color: rgb(64, 64, 64); text-align: justify;" class="">So far, <a href="http://www.climateaction100.org/investors" target="_blank" data-saferedirecturl="https://www.google.com/url?hl=en&q=http://www.climateaction100.org/investors&source=gmail&ust=1532268976589000&usg=AFQjCNF5Ds01uRtFJlIYFsMBaRnymF29NA" style="color: rgb(0, 161, 126); margin: 0px; padding: 0px; border: 0px; outline: 0px; vertical-align: baseline; text-decoration: none; background-position: initial initial; background-repeat: initial initial;" class="">289 investors</a>, including HSBC, AXA and Legal & General, with $30 trillion in assets under management have pledged to take action on the risks posed by climate change as part of the Climate Action 100+ initiative.</p><p style="font-family: arial, sans-serif; font-size: 12.8px; font-variant-ligatures: normal; orphans: 2; widows: 2; margin: 0px 0px 15px; padding: 0px; border: 0px; outline: 0px; vertical-align: top; color: rgb(64, 64, 64); text-align: justify;" class="">The initiative was launched at the One Planet Summit in December 2017 to engage with an initial focus list of 100 of the world’s largest emitters of industrial greenhouse gas emissions.</p><p style="font-family: arial, sans-serif; font-size: 12.8px; font-variant-ligatures: normal; orphans: 2; widows: 2; margin: 0px 0px 15px; padding: 0px; border: 0px; outline: 0px; vertical-align: top; color: rgb(64, 64, 64); text-align: justify;" class="">New investors have now come on board and 61 more companies identified which could impact whether the world is able to meet the goals of the Paris climate agreement.</p><p style="font-family: arial, sans-serif; font-size: 12.8px; font-variant-ligatures: normal; orphans: 2; widows: 2; margin: 0px 0px 15px; padding: 0px; border: 0px; outline: 0px; vertical-align: top; color: rgb(64, 64, 64); text-align: justify;" class="">The initiative reports that engagement with focus companies over the past six months has led to tangible commitments on reducing emissions and climate reporting.</p><p style="font-family: arial, sans-serif; font-size: 12.8px; font-variant-ligatures: normal; orphans: 2; widows: 2; margin: 0px 0px 15px; padding: 0px; border: 0px; outline: 0px; vertical-align: top; color: rgb(64, 64, 64); text-align: justify;" class="">18 percent of focus companies now officially support the recommendations of the <a href="https://www.fsb-tcfd.org/" target="_blank" data-saferedirecturl="https://www.google.com/url?hl=en&q=https://www.fsb-tcfd.org/&source=gmail&ust=1532268976589000&usg=AFQjCNEOikuf9BhJJhuJWdDkgu7-tHWtmA" style="color: rgb(0, 161, 126); margin: 0px; padding: 0px; border: 0px; outline: 0px; vertical-align: baseline; text-decoration: none; background-position: initial initial; background-repeat: initial initial;" class="">Taskforce on climate-related Financial Disclosures</a>. A further 22 percent have pledged to set science-based targets to reduce their emissions in the long-term.</p><p style="font-family: arial, sans-serif; font-size: 12.8px; font-variant-ligatures: normal; orphans: 2; widows: 2; margin: 0px 0px 15px; padding: 0px; border: 0px; outline: 0px; vertical-align: top; color: rgb(64, 64, 64); text-align: justify;" class="">The majority of the companies on the focus list come from the oil and gas, electric power and transportation sectors.</p><p style="font-family: arial, sans-serif; font-size: 12.8px; font-variant-ligatures: normal; orphans: 2; widows: 2; margin: 0px 0px 15px; padding: 0px; border: 0px; outline: 0px; vertical-align: top; color: rgb(64, 64, 64); text-align: justify;" class="">“Investors recognize that exposure to climate-related financial risks as well as the opportunities associated with the transition to a lower carbon economy are present across many sectors,” said Stephanie Maier, Director of Responsible Investment, HSBC Global Asset Management.</p><p style="font-family: arial, sans-serif; font-size: 12.8px; font-variant-ligatures: normal; orphans: 2; widows: 2; margin: 0px 0px 15px; padding: 0px; border: 0px; outline: 0px; vertical-align: top; color: rgb(64, 64, 64); text-align: justify;" class="">“We welcome the leadership ambitions that a number of companies have set out, but now is the time to intensify climate action together and ensure that the goals of the Paris Agreement are achieved,” she added.</p><p style="font-family: arial, sans-serif; font-size: 12.8px; font-variant-ligatures: normal; orphans: 2; widows: 2; margin: 0px 0px 15px; padding: 0px; border: 0px; outline: 0px; vertical-align: top; color: rgb(64, 64, 64); text-align: justify;" class="">Climate Action 100+ added five new investors to the initiative, including two pension funds with a combined assets of over $100 billion.</p><p style="font-family: arial, sans-serif; font-size: 12.8px; font-variant-ligatures: normal; orphans: 2; widows: 2; margin: 0px 0px 15px; padding: 0px; border: 0px; outline: 0px; vertical-align: top; color: rgb(64, 64, 64); text-align: justify;" class="">“Our deep engagements are global and collaborative, happening all around the world in 32 countries across Australia, Asia, Europe, and North America,” said Emily Chew, Global Head of ESG Research and Integration, Manulife Asset Management. “By adding additional companies to the focus list, we are expanding our potential impact on reducing systemic climate change risks, and realising the economic benefits of the low-carbon transition.”</p><div style="color: rgb(94, 94, 94); font-family: arial, sans-serif; font-size: 12.8px; font-variant-ligatures: normal; orphans: 2; widows: 2; background-color: rgb(255, 255, 255);" class=""><div style="color: rgb(0, 0, 0);" class=""><div class=""></div></div></div></div><div class="">
<div style="color: rgb(0, 0, 0); font-family: Verdana; font-size: 14px; font-style: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;"><div class=""><div><div class=""><span style="font-size: 12px;" class="">+++++++++++++++++++++++++++++++++++++++++<br class=""><br class="">“Building on Sun et al. (2014), Mueller et al. (2016) systematically examined the occurrence of record hot summers since 1950 in many land regions. They found that human influence has made record high summer temperature at least 10 times as likely and projected that the historically hottest summers would become the norm for more than half of the world’s population within 20 years.”<br class=""><br class="">Chao Li et al. Recent very hot summers in northern hemispheric land areas measured by wet bulb globe temperature will be the norm within 20 years. <br class=""><br class="">Earth’s Future, accepted article. Accepted online October 17, 2017.<br class=""> <br class="">Open access:<br class=""><a href="http://onlinelibrary.wiley.com/doi/10.1002/2017EF000639/full" class="">http://onlinelibrary.wiley.com/doi/10.1002/2017EF000639/full</a><br class=""></span></div><span style="font-size: 12px;" class="">============================================</span></div><div><span style="font-size: 12px;" class=""><br class="">“… the serious meaning in a concept lies in the difference it will make to someone if it is true.”<br class=""><br class="">William James (1842 –1910)<br class="">Pragmatism. Meridian Books, 1955</span></div></div></div>
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