The steps include:
Peter Ferket, CIO/Head of Investments and member of the Executive Committee of Robeco: “These new ambitions build on the 2018 joint statement between Shell and Climate Action 100+. It proves that the strong and committed engagement of institutional investors with Shell can help accelerate the pace of change to deliver the goals of the Paris Agreement. It raises the bar and sets out an approach for others in the oil & gas sector to follow.”
Carola van Lamoen, head of Active Ownership at Robeco: “This shows once again that engaging with companies we invest in works, and that this a powerful mechanism, and key differentiator in bringing change to help combat major challenges such as climate change. We will continue to engage with companies, to improve the responsible behavior of companies we invest in, as this is in the long term interest of both the company, our clients and broader society.”
The full statement by Shell can be found here: https://www.shell.com/media/news-and-media-releases/2020/responsible-investment-annual-briefing-updates.html