As scorching heatwaves batter communities around the world with July 2023 set to be the world’s hottest month on record, the need to address the climate crisis is more critical than ever. Climate Action 100+, the world’s largest investor-led initiative in which Mercy Investment Services participates, recently launched its second phase to encourage more ambitious corporate action from the world’s largest greenhouse gas emitters.
With 75 percent of the initiative’s focus companies committing to net zero by 2050, CA100+ has launched a second phase of its efforts. The new phase, running until 2030, shifts focus from companies’ climate-related disclosures to the implementation of their climate transition plans. The second phase also included removing 10 companies from the focus list – including two Mercy engaged – based on company progress and adding 14 companies. Read more about the enhancements to CA100+ in the second phase.
As an active member of CA100+, Mercy Investment Services will continue bringing the initiative’s requests to companies we engage and monitoring companies’ progress toward implementation of their net zero commitments.