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Chemical companies urged to present ‘credible’ decarbonisation plans

By Seth O'Farrell
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 Investment Management to call on some of Europe’s biggest chemical companies to set a “credible” decarbonisation strategy.

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