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IMPORTANT INFORMATION
All data as at 31 December 2024, unless specified otherwise. This document is issued for information purposes only. It does not constitute the provision of financial, investment or other professional advice. We strongly recommend you seek independent professional advice prior to investing. The value of investments and the income derived from them may fall as well as rise. Investors may not get back the amount originally invested and may lose money. Any forward-looking statements are based on CCLA’s current opinions, expectations and projections. CCLA undertakes no obligations to update or revise these. Actual results could differ materially from those anticipated. All names, logos and brands shown in this document are the property of their respective owners and do not imply endorsement. These have been used for the purposes of this document only. CCLA Investment Management Limited (a company registered in England and Wales with company number 2183088), whose registered address is One Angel Lane, London EC4R 3AB, is authorised and regulated by the Financial Conduct Authority.
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Better environment
A history of climate action
2007
CCLA is an early signatory to the UN Principles for Responsible Investment
2010
CCLA starts its climate action pathway with a carbon disclosure watch list
2012
The shareholder advocacy campaign Aiming for A is launched (it will go on to be an inspiration for Climate Action 100+)
2013
The COIF Charities Ethical Investment Fund restricts investment in thermal coal
CCLA becomes a cornerstone investor in the Bluefield Solar Income Fund
2015
Aiming for A files successful climate-related shareholder resolutions at BP and Shell
2016
Aiming for A files successful climate-related shareholder resolutions at Anglo American, Glencore and Rio Tinto
2017
Aiming for A is superseded by Climate Action 100+ and CCLA is a founding member
CCLA joins the Powering Past Coal Alliance
2019
The COIF Charities Ethical Investment Fund restricts direct investment in oil and gas extraction companies†
Following engagement, Duke Energy commits to net‑zero emissions by 2050
CCLA works with UK and Canadian governments to launch the Powering Past Coal Alliance’s Finance Principles
2020
With the UK government and others, CCLA becomes a seed investor in the Clean Growth Fund
CCLA sells its remaining direct holdings in oil and gas extraction companies
CCLA’s Helen Wildsmith wins the prestigious Joan Bavaria Award for her pioneering work on responsible investment and climate action
CCLA joins the Financing a Just Transition Alliance
2021
CCLA pledges to achieve net zero by 2050
CCLA becomes lead investor for Unilever on behalf of Climate Action 100+
Following dialogue, Unilever is the first FTSE 100 company to introduce a ‘say on climate’ vote
CCLA becomes a founding signatory to the Institutional Investors Group on Climate Change’s Net Zero Asset Managers initiative
NextEra Energy responds to engagement by increasing its climate disclosures
2022
Helen Wildsmith joins the Delivery Group of the UK government’s Transition Plan Taskforce as an investment sector expert on mining and electrical utilities
2023
A climate-related shareholder resolution co-filed by CCLA at Bank of America receives strong shareholder support (28.5%)
CCLA is now Climate Action 100+ co-lead for engagement with Home Depot, Honeywell International*, Nestlé and Unilever
The Transition Plan Taskforce issues its final disclosure framework
Focused engagement commences targeting the 30 highest greenhouse gas-emitting companies held in CCLA portfolios (meetings are held with 16 of them in 2023)
2024
CCLA joins the Glasgow Financial Alliance for Net Zero workstream on public policy
CCLA and the Local Authority Pension Fund Forum (LAPFF) partner to send ‘say on climate’ letters to 76 FTSE 100 companies, with 39 supporting investor signatories representing £1.6 trillion in assets under management
Following engagement, Empiric Student Properties puts its environmental, social and governance (ESG) targets to a shareholder vote
A NextEra Energy shareholder proposal co-filed by CCLA achieves 33% of the shareholder vote
†Defined as companies that derive more than 10% of their revenues from the extraction, production or refining of oil and gas.
*Not held in CCLA portfolio(s) as at 31 December 2024.