Ethical Investing in Focus
Recent weeks have seen two successful investor engagements with large mining companies. Climate Action 100+, of which Morphic is a founding signatory, has been coordinating collective engagement with the world’s largest carbon-emitting listed companies. Glencore and Rio Tinto announced improved commitments to their climate-related responsibilities including greater focus on the commodities required to meet the needs of a lower carbon world, renewed emissions targets and improved reporting. Whilst the companies can clearly be more proactive, we recognise these changes in the right direction and the effectiveness of such investor engagement.