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Say on Climate

 

All companies have the opportunity to become climate leaders by actively planning for a net zero carbon future and integrating shareholder feedback into this process. The Say On Climate initiative works with companies to establish robust net zero transition plans with shareholder feedback in an annual advisory vote.  

Say On Climate was launched by the hedge fund activist investor Chris Hohn through the Children’s Investment Fund Foundation. Since then, major companies have agreed to put their climate plans to a vote, including Unilever, Moody’s, Aena, and Shell. Say On Climate is now a global movement with shareholder advocates in the U.S., Canada, Europe, Asia, and Australia.

In 2020, As You Sow sent 75 letters to companies asking for net zero transition plans with shareholder voting and filed resolutions at Union Pacific, Monster Beverage, and Booking Holdings. Going forward, As You Sow plans to send letters to hundreds more corporations and to file resolutions with companies refusing to voluntarily adopt Say On Climate.

The initiative’s priorities include:

  • Working as part of a global movement to enable every company to report their climate transition plans to a net zero carbon economy.   

  • Sharing best practices for companies to create robust Climate Action Transition Plans with net zero, science-based, emission reduction targets. 

  • Unifying behind the CA100+ Benchmark, a standardized and comparable net zero climate transition plan that is supported by $52 trillion of assets under management.  

  • Establishing shareholder advisory votes at each company to provide feedback on the Climate Action Transition Plan.  

For all the world’s countries to reach the Paris Agreement goals, all companies also need to do their part. Say On Climate presents a standardized way for companies to report on these plans with the added benefit of shareholder feedback.

To learn more about the Say On Climate initiative, please visit https://www.sayonclimate.org/ or contact [email protected]