Vigeo Eiris issues positive alerts for listed companies who signed public joint statement in support of the Paris Climate Agreement
On June 26th 2017, Vigeo Eiris issued a positive alert upgrading the scores of seven companies in the Environment domain – Facebook, Google, International Business Machines, Netflix, Discovery Communications, Under Armour, Western Union.
This follows their decision to sign a joint statement publicly pledging support of the Paris Climate Agreement.
In doing so, Vigeo Eiris increases its level of assurance on the executive-level commitment of these seven companies to tackling climate change. The scores of Facebook, Google, International Business Machines, Netflix, Discovery Communications, Under Armour, Western Union have been upgraded by 5 points on average on the ‘Environmental Strategy’ and ‘Minimising environmental impacts from energy use’ sustainability drivers.
For 53 other companies that have also signed this joint statement, Vigeo Eiris already had a positive opinion and a reasonable level of assurance on their executive-level engagement to tackle climate change. Thus, for these 53 companies Vigeo Eiris has confirmed its opinion and the scores remain unchanged.
This joint statement was issued by the ‘We Are Still In’ coalition, which in total comprises 902 businesses and Investors accounting for a total annual revenue of USD 1.4 trillion, as well as Mayors, Governors, colleges and universities from across the United States or with significant operations in the country. This coalition was formed as a response to President Donald Trump’s announcement to back out of the Paris Climate Agreement. In this joint statement, titled ‘Open letter to the international community and parties to the Paris Agreement’, the signatories state that “In the U.S., it is local and state governments, along with businesses, that are primarily responsible for the dramatic decrease in greenhouse gas emissions in recent years. Actions by each group will multiply and accelerate in the years ahead, no matter what policies Washington may adopt.”
Press Release US Coalition we are still in
* We are still in Declaration – 06 May 2017
Environment, ESG, Methodology, North America