Category: Diversity & Equality
2021 has seen Paris-related lobbying proposals quadruple in the US ahead of a new investor standard, while lobbying on racial justice makes its first … 2021 has seen Paris-related lobbying proposals quadruple in the US ahead of a new investor standard, while lobbying… 2021 has seen Paris-related lobbying proposals quadruple in the US ahead of a new investor standard, while lobbying on racial justice makes its first appearance
Apr 12th, 2021
With just 10% of the world’s largest emitters lobbying in alignment with the goals of the Paris Agreement, investor concern continues to grow over the influence of ‘dark money’ on the fight against climate change.
Ed Collins, Director of Lobbying and Corporate Influence at think-tank InfluenceMap, says that while “a lot of companies made statements of support for Paris, especially around the time of the Agreement, there has been a trend where companies say one thing, but when you look at their detailed lobbying behaviour, and also the lobbying behaviour of their industry associations, something very, very different is happening.”
Johan Floren, Head of ESG at Swedish pension fund AP7, agrees, and says this translates into investment risk. “The Paris Agreement has to be transformed into national legislation, so if there are companies around the world trying to stop that through their lobbying, it creates systemic risk,” he says.
Floren has…