A group of over 100 institutional investors , including Aegon , Amundi , Legal & General and Pacific Investment , managing $ 26tn in assets , are to increase pressure on the 100 major corporate emitters of greenhouse gases . The group will work with companies such as BP Mobil and Gazprom on a five - year plan , while also calling for increased climate - related disclosure and an 80 % reduction in emissions by 2050 . She said it was better to cooperate with major emitters because they contributed to droughts, mudslides, heatwaves and rising sea levels that threatened investors’ other holdings. The group claimed the plan will be more effective than divestment . The announcement was made on Tuesday , to mark the second anniversary of the Kyoto Climate Agreement .
A group of over 100 institutional investors , including Aegon , Amundi , Legal & General and Pacific Investment , managing $ 26tn in assets , are to increase pressure on the 100 major corporate emitters of greenhouse gases . The group will work with companies such as BP Mobil and Gazprom on a five - year plan , while also calling for increased climate - related disclosure and an 80 % reduction in emissions by 2050 . The group claimed the plan will be more effective than divestment . The announcement was made on Tuesday , to mark the second anniversary of the Kyoto Climate Agreement .