On May 26, a Dutch Civil Court has ruled that the oil giant Shell must cut its CO2 emissions by 45% compared to 2019 levels by 2030. The verdict says that Shell is responsible for its own CO2 emissions and those of its suppliers. It is the first time a company has been legally obliged to align its policies with the Paris climate accords.
More and more stakeholders are insisting on Net Zero commitments. Still, few investors acknowledge the reality that Net Zero targets require not just some offset but genuine atmospheric carbon reductions that need a complete and fundamental reorientation of activities. When it comes to climate change, we see that Investors and stakeholders alike are paying increasing attention to the connection between an organization's words and deeds. The American Institutional Shareholder Services group of companies (ISS) has just published a special report on this issue which can be downloaded here.
MAQIT will closely monitor this evolution and share its knowledge with its customer base.