{"id":2544,"date":"2020-08-21T16:16:57","date_gmt":"2020-08-21T22:16:57","guid":{"rendered":"http:\/\/accesstomexico.mx\/blog\/?p=2544"},"modified":"2020-08-21T16:16:57","modified_gmt":"2020-08-21T22:16:57","slug":"leading-climate-action-investor-group-turns-focus-to-mexicos-pemex","status":"publish","type":"post","link":"https:\/\/accesstomexico.mx\/blog\/leading-climate-action-investor-group-turns-focus-to-mexicos-pemex\/","title":{"rendered":"Leading climate action investor group turns focus to Mexico’s Pemex."},"content":{"rendered":"\n
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CNA<\/a><\/p>\n\n\n\n

One of the world’s leading investor groups pushing for more corporate action on climate change said it has added Mexican state-owned oil company Petroleos Mexicanos (Pemex) to its list of targets.<\/p>\n\n\n\n

Climate Action 100+, whose 450 members manage more than US$40 trillion in assets and focus on engaging with companies which produce high levels of greenhouse gas emissions, said it would now look to step up talks with Pemex.<\/p>\n\n\n\n

“Pemex has been added to the list of firms engaged through Climate Action 100+ as part of a standard periodic review process,” a spokesman for Climate Action 100+ told Reuters.<\/p>\n\n\n\n

The decision to add Pemex, a top issuer of emerging market bonds, follows engagements with listed companies including Royal Dutch Shell and BP, both of which have recently announced new long-term strategies in response to climate change.<\/p>\n\n\n\n

Concerted pressure by the group has also helped bring about change at a number of other companies, among them Nestle, Maersk and HeidelbergCement, which have committed to net zero carbon emissions by 2050.<\/p>\n\n\n\n

The Pemex engagement will be led by asset managers Federated Hermes and BlueBay Asset Management, with other members of CA100+ currently being canvassed about formally joining the group.<\/p>\n\n\n\n

“We expect more from Pemex,” said Jaime Gornsztejn, who leads engagement with Latin American companies for Federated Hermes. The asset manager’s stewardship team advises clients with more than US$1 trillion in assets on corporate governance issues.<\/p>\n\n\n\n

“It’s such a crucial issue for any oil and gas company for the long term wealth creation,” said Gornsztejn. “That’s why we expect strongly a shift on climate change by senior management and the board.”<\/p>\n\n\n\n

Pemex did not immediately respond to a request for comment.<\/p>\n\n\n\n

Under Mexico’s previous government, the company had laid out targets to reduce emissions, but under the new administration of President Andres Manuel Lopez Obrador it has not reaffirmed those goals.<\/p>\n\n\n\n

Climate Action 100+ was launched in late 2017 with the aim of engaging with companies to curb emissions and strengthen governance and climate-related financial disclosures.<\/p>\n\n\n\n

Earlier this year, the world’s largest asset manager, BlackRock, also joined the group.<\/p>\n\n\n\n

Simon Jessop in London and Stefanie Eschenbacher in Mexico City. (2020). Leading climate action investor group turns focus to Mexico’s Pemex. USA. CNA.<\/em> Recuperado de <\/strong><\/p>\n\n\n\n

https:\/\/www.channelnewsasia.com\/news\/business\/exclusive–leading-climate-action-investor-group-turns-focus-to-mexico-s-pemex-13042790<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

CNA One of the world’s leading investor groups pushing for more corporate action on climate change said it has added Mexican state-owned oil company Petroleos Mexicanos (Pemex) to its list of targets. Climate Action 100+, whose 450 members manage more […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2544","post","type-post","status-publish","format-standard","hentry","category-uncategorized","clearfix"],"_links":{"self":[{"href":"https:\/\/accesstomexico.mx\/blog\/wp-json\/wp\/v2\/posts\/2544","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/accesstomexico.mx\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/accesstomexico.mx\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/accesstomexico.mx\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/accesstomexico.mx\/blog\/wp-json\/wp\/v2\/comments?post=2544"}],"version-history":[{"count":1,"href":"https:\/\/accesstomexico.mx\/blog\/wp-json\/wp\/v2\/posts\/2544\/revisions"}],"predecessor-version":[{"id":2546,"href":"https:\/\/accesstomexico.mx\/blog\/wp-json\/wp\/v2\/posts\/2544\/revisions\/2546"}],"wp:attachment":[{"href":"https:\/\/accesstomexico.mx\/blog\/wp-json\/wp\/v2\/media?parent=2544"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/accesstomexico.mx\/blog\/wp-json\/wp\/v2\/categories?post=2544"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/accesstomexico.mx\/blog\/wp-json\/wp\/v2\/tags?post=2544"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}