By Joshua Bledsoe, Sara Orr, and Bobbi-Jo Dobush

Major investors with collective control of more than US$26.3 trillion are continuing to push for an increase in public companies’ governance, oversight, and disclosure of climate-related risk. Unveiled on December 12, 2017 at the One Planet Summit in Paris, the Climate Action 100+ is designed to promote the goals of the 2015 Paris Agreement. The Paris Agreement provides a global action plan to limit global temperature rise to well below 2 degrees Celsius.

A group of 225 investors, led by California Public Employees’ Retirement System (CalPERS) and other major investors, have signed on to the Climate Action 100+ since the invitation to join was issued in September 2017. The signatories will be led by five coordinating partners including Asia Investor Group on Climate Change (AIGCC), Ceres; Investor Group on Climate Change (IGCC), Institutional Investors Group on Climate Change (IIGCC), and Principles for Responsible Investment (PRI).