Shareholder Engagement Archives - Page 5 of 12

Environmental Impact Analysis Reveals Advertising Agencies’ Silent Complicity

Press Release Advertising, Emissions Financial Risk & Reward, Shareholder Engagement, Transparency & Traceability Equity

A new comprehensive analysis reveals the extent to which advertising agencies are promoting clients with significant environmental impact and spotlights the apparent lack of commitment to Environmental, Social, and Governance (ESG) principles by major advertising Holding Companies: (Dentsu (4324) , Havas (HAV), IPG (IPG), Omnicom (OMC), Publicis (PUB), WPP (WPP).

From ADversity to ADvantage

Report Advertising, Emissions Executive Compensation, Financial Risk & Reward, Shareholder Engagement, Transparency & Traceability Equity PT0093

BASF Upgrades Climate Transition Plan

Blog Emissions, Petrochemicals BASF Chemicals, Shareholder Engagement Equity BLOG0099

BASF has recently upgraded its climate transition plan aligning with some recommendations from Planet Tracker, especially regarding setting (partial) Scope 3 targets. BASF unveiled upgraded targets in December 2023, adding to its mitigation goals to reduce Scope 1 and2, some Scope 3 emissions. Notably, the company plans to decrease specific upstream Scope 3 emissions by 15% by 2030.

Colgate’s climate disclosures show a positive change

Blog Emissions, Food Systems Colgate-Palmolive Co Financial Risk & Reward, Shareholder Engagement Equity BLOG0098

In corporate sustainability, ongoing dialogue and continuous improvement are integral to fostering positive change. In the spirit of transparency and collaboration, in this update we revisit our assessment of Colgate-Palmolive’s (CL) climate transition plan, taking into account the valuable disclosures made by the company in response to our previous report.

Exposing Water Risk

In a recent analysis of 3,900 documents, transcripts and filings from apparel-related companies using Natural Language Processing (NLP), Planet Tracker examined how the management teams of 29 major apparel brands perceive water-related risks.
An overwhelming 90% of the examined documents failed to mention water-related risks, with many companies barely mentioning water-related risk at all, highlighting a significant gap in disclosure practices.

Planet Tracker Highlights Transparency Concerns in Toray Industries’ Sustainability Practices

Press Release Emissions, Petrochemicals Shareholder Engagement

Planet Tracker’s recent analysis of Toray Industries’ challenges the company’s climate alignment, asserting that it is on a trajectory aligned with +3°C. According to the analysis, Toray’s total emissions were 12,703 ktCO2e in 2022, with nearly 60% stemming from Scope 3. While Toray emphasises its intention to reduce absolute emissions by 50% per unit of revenue by 2031, Planet Tracker contends that the company is not on track to achieve its 2031 or 2050 targets.

Toray Climate Transition Analysis

Report Emissions, Petrochemicals Toray Industries Inc Chemicals, Shareholder Engagement PT0090

Despite Toray Industries’ stated goal of achieving Paris-aligned status by 2031 and net zero by 2050, analysis by Planet Tracker concludes that Toray lacks a robust plan to achieve net zero for Scope 1 & 2 by 2050 and highlights the absence of a clear strategy for Scope 3 emissions. While Toray aims to reduce absolute emissions by 50% per unit of revenue by 2031, Planet Tracker argues that the company is not on track to meet these targets.

Air Liquide SA (AI) Climate Transition Analysis

Report Petrochemicals Air Liquide Chemicals, Shareholder Engagement PT0088

From 2019 to 2021 Air Liquide experienced a weighted absolute increase of 16% in total Scope 1, 2 and 3 emissions. Without further mitigation, Air Liquide will overshoot SBTs by a significant 243%, failing to align with a 1.5°C pathway by 2030 or a well-below 2°C warming scenario by 2035. However, Planet Tracker does not anticipate that this will happen if the company follows through with its forward-looking disclosed initiatives.

Incitec Pivot on track for a 1.5°C pathway by 2030

Press Release Petrochemicals Incitec Pivot Shareholder Engagement

Incitec Pivot appears to be on course for a 1.5°C pathway by 2030, contingent on the successful implementation of its mitigation projects. By 2030, the majority of Incitec’s total GHG emissions will come from downstream Scope 3 activities (43%), followed by Scope 1 activities (32%). Without further mitigation, Incitec Pivot’s total GHG emissions will overshoot SBTs by 23%, pushing its 1.5°C pathway alignment towards a well-below 2°C warming scenario by 2030.

Incitec Climate Transition Analysis

Report Petrochemicals Incitec Pivot Chemicals, Shareholder Engagement PT0086

Incitec Pivot demonstrates a robust commitment to its climate transition with ambitious greenhouse gas (GHG) reduction targets and proactive risk management. The company’s revised transition plan aims to achieve a 42% absolute reduction in emissions by 2030 and Net Zero by 2050. A more detailed connection between mitigation projects and transition investments would enhance Incitec’s transparency and align the company’s efforts more clearly to its 1.5°C target by 2030, and subsequent Net Zero by 2050.

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