Stephanie Pfeifer describes the first two-and-a-half years of Climate Action 100+ (CA100+) as “exhausting”, but she seems far from fatigued when she talks about the next two-and-a-half.
“I think, before, much of the engagement was focused on disclosure,” says the Chief Executive of Europe’s Institutional Investor Group on Climate Change (IIGCC) and the region’s CA100+ representative. “But now we have got to the point where we’re asking for real action – changes in strategies and changes in business models.”
Although there is still work to do on transparency, she concedes – particularly in Eastern Europe and Russia – “about 80% of [CA100+ target] companies in Western Europe are now committed to reporting in line with the Task Force on Climate-related Financial Disclosures (TCFD), so that part of our demands has been more-or-less completely normalised”.
Beyond disclosure, 16 of CA100+’s 46 target companies in Europe have made “some kind of N…