Investors lay down net zero standard for oil and gas sector

investors lay down net zero standard for oil and gas sector

Sumary of Investors lay down net zero standard for oil and gas sector:

  • The idea behind it is to create a level playing field in corporate reporting and to meet investor expectations for “credible and comparable” company net zero transition plans in the oil and gas sector.
  • Adam Matthews, chair of the investor-company process to develop the standard and chief responsible investment officee, Church of England Pensions Board, said: “In order for investors to play their role, we need to be able to meaningfully compare different company strategies whilst recognising that there is no one size fits all approach.
  • Assessing the credibility and adequacy of company transition plans is a technically complex task.

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