One area of clear progress is the growing use of climate related shareholder resolutions. CalSTRS strongly believes that this is an important tool for investors to use as an engagement strategy, and CDP data is essential to the company as it develops and executes its shareholder resolutions.
We want to open up a conversation with companies about how they manage energy and other sources of carbon and to see if they can significantly reduce their costs.
Craig Mackenzie, Head of Sustainability at Scottish Widows Investment Partnership (SWIP)
We use responses to the CDP questionnaire as one source of information for our engagements with companies on their environmental performance. We also engage with companies that do not participate in the CDP project. Both responses and non-responses thus inform our engagements with companies around the world.
Hans-Christoph Hirt, Director, Hermes Equity Ownership Services Limited