Engagement topics

Climate change

Accelerate climate action and align with Paris Climate Agreement

In 2016, we joined the RE100* investor group, an engagement project on climate change led by ShareAction, a UK non-profit investor organisation.

RE100 calls on companies to commit to using 100% renewable energy and, as a spin-off EP100, asks companies to commit to doubling their energy productivity.

87 companies had joined the RE100 initiative by the end of 2017, amounting to a total demand of 107 terawatt hours (TW-h) of renewable electricity, or the total annual amount of power consumed by the Netherlands.

In March 2017, AkzoNobel joined RE100, announcing its ambition to use 100% renewable energy by 2050. The company is the second-largest electricity user in the RE100, with an annual consumption of around 16 terawatt hours.

In addition to Akzo, 21 more companies in our portfolio joined the RE100 group, including:  Adobe, BMW, DSM, Novo Nordisk, Proctor & Gamble, Starbucks and Vestas.

We have also asked several companies in our portfolio to join, including: Adidas, BNP Paribas, Deutsche Telekom, Ericsson, Ford, Gap, Heineken, PSA (Peugeot Citroen), Roche, and Renault.

Engagement will continue in 2018, aligning the goals of engagement even more closely with the 2°C limit set in the Paris Agreement and introducing the ‘Science Based Targets’ approach.

CompanyCountry100% GoalInterim targetProgress to 100% Goal
AdobeUS2035 6%
Azko NovelNL205045% by 202040%
BMWGE20202/3 by 202067%
BTUK2020 82%
Colruyt GroupBE2020 100%

Read the full online engagement report