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Energy Giants Come Under Shareholder Pressure on Emissions

Chris Hall

The company has previously come under pressure from shareholders to improve its performance on Paris Agreement alignment. US shareholder action. Reducing Scope 3 emissions, which account for the vast majority of those produced by energy firms, is essential to limiting global heating, the resolution states.

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What is the Science-Based Targets initiative (SBTi)?

Sphera

Reduction targets are “science-based” if they align with levels the scientific community deems necessary to meet the 1.5 - 2 °C temperature reduction target set by the 2015 Paris Agreement. In the Paris Agreement, world governments committed to curbing global temperature rise to 2°C above pre-industrial levels.