Investors that manage US$47tn demand world’s biggest polluters back plan for net-zero emissions

Climate Action 100+ group put 161 fossil fuel, mining, transport and other big-emitting companies on notice in latest campaign by shareholders

A group representing investors that collectively manage more than US$47tn in assets has demanded the world's biggest corporate polluters back strategies to reach net-zero emissions and promised to hold them to public account.

Climate Action 100+, an initiative supported by 518 institutional investor organisations across the globe, has written to 161 fossil fuel, mining, transport and other big-emitting companies to set 30 climate measures and targets against which they will be analysed in a report to be released early next year.