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Money managers must bring heavy industry’s climate refuseniks to heel

The Transition Pathway Initiative today publishes a report on the world’s 72 largest companies in the cement, paper, aluminium and steel sectors. Their progress towards climate targets has been miserably slow. Fund managers must use their voting power to force change, says James Moore

Sunday 02 February 2020 16:45 GMT
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Notable backsliders in the battle to cut emissions include the aluminium and steel sectors, where there is no improvement to report
Notable backsliders in the battle to cut emissions include the aluminium and steel sectors, where there is no improvement to report

Businesses are terribly keen to tell us that they take the climate crisis seriously.

If you take a look at what they’re actually doing it is, however, easy to be cynical.

Take supermarkets. A number of them of have announced plans to go “carbon neutral” over the next decade or two with great fanfare. But they still come up with all sorts of excuses for why they can’t put energy-saving doors on their fridges and freezers, something that their peers in France routinely do.

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