Record 27 investors back call for Shell to align emissions target with Paris
by Rebecca Speare-Cole
Jan 15, 2024
4 minutes
A record number of global institutions have co-filed a shareholder resolution at Shell, calling for the UK-headquartered oil giant to align its emissions reduction targets with the Paris Climate Agreement.
The resolution, led by Dutch activist group Follow This, has been backed 27 institutions, including Nest, Rathbones, Brunel Pension Partnership and Amundi.
It proposes that Shell set its medium-term targets for scope three greenhouse gas emissions to be consistent with efforts to limit global warming to 1.5C above pre-industrial levels.
Scope three emissions, or value chain emissions, are those from the use of oil and gas by consumers and make
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