ShareAction absorbs climate disclosure body the Asset Owners Disclosure Project
Campaign group ShareAction is to strengthen its focus on climate risk by taking over the Asset Owners Disclosure Project. They have today (June 13) announced an agreement for ShareAction to take on the AODP, the body which ranks the climate-related financial disclosures of the world’s largest pension funds, insurers, sovereign wealth funds and endowments. They say the two organizations share “closely aligned” goals and methods. The move represents a significant development for ShareAction, which is known for campaigning on issues such as the living wage and the role of banks in driving the low carbon transition. On top of that it was part of the Aiming for A initiative at fossil fuel companies, has set up the European Responsible Investment Network (ERIN) and helped to get ESG provisions into the updated European pension fund directive.
Download the full report below