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Capital Flows, Industrials, Sector Focus

Chemical companies urged to present ‘credible’ decarbonisation plans

By Seth O’Farrell

March 24, 2023
BASF chemical tanks
BASF says it is ‘open to continuing the dialogue with … all shareholders who are interested in our carbon management programme’. (Photo: Alex Kraus/Bloomberg)

A coalition including Amundi and other asset managers is calling on some of Europe’s largest chemical companies to electrify production and set Scope 3 targets aligned with the Paris Agreement goals. Climate campaigner ShareAction has organised for a group of 15 investors, including Amundi Asset Management and Legal & General ...

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