Equinor has climate at the core of its business strategy and has set short-, medium- and long-term climate-related targets for the company’s emissions to drive performance. The joint statement builds on this work, and Equinor commits to set out climate-related ambitions also beyond 2030. Equinor will continue to report on climate related risks and opportunities in line with the TCFD recommendations. From 2019 Equinor will assess its portfolio, including new material capital expenditure investments, towards a well below 2°C scenario. If and when a relevant well below 2°C scenario is available, with necessary price assumption, Equinor will include this in its overall stress testing.
The investors in question – UBS Asset Management, HSBC Global Asset Management and Storebrand Asset Management – led engagement with Equinor as part of Climate Action 100+….
An excerpt from Energy Industry Review