Enbridge has announced a decision to set their net-zero target for 2050 with a 35% reduction in emissions by 2030 – placing the company in line with the Paris Agreement. The announcement comes further to collaborative dialogue with the company and a larger push by global investors, including GLC Asset Management Group, under the umbrella of Climate Action 100+.
GLC joined the Climate Action 100+ initiative in 2019, taking another step in GLC’s ongoing commitment to responsible investing and working toward a more sustainable global financial system. This announcement by Enbridge is testament to the importance of a formalized approach to responsible investing as a commitment that goes hand-in-hand with GLC’s focus on delivering strong investment returns.
“Climate action and free enterprise don’t have to be mutually exclusive,” says Nicholas Skorbinski, Senior ESG analyst at GLC. “By working together with companies to address the challenges of climate change, we can influence change and make a positive difference for future generations to come.”
Climate Action 100+Opens a new website in a new window was founded to improve transparency and address the financial risks presented by climate change to a company’s’ assets and liabilities. By supporting the Climate Action 100+ initiative, GLC Asset Management Ltd. has joined the group of investors and asset management companies working with the largest corporate greenhouse gas (GHG) emitters, encouraging them to act and align their activities with the goals of the Paris Agreement on action to address climate change risks.