Leading investors welcome Anglo American’s commitment to align lobbying activity with Paris Agreement

Leading investors today welcome a commitment secured from Anglo American, the UK based global extractives company, to align its lobbying activity with the goals of the Paris Agreement.

The announcement is the outcome of extensive engagement with the company by members of the Institutional Investors Group on Climate Change (IIGCC), as part of its European Corporate Climate Lobbying Initiative. This is backed by leading investors with over $4.7 trillion in assets under management1.

The result of constructive discussions with the company over past months, Anglo American has committed to:

• Ensuring action is taken on any fundamental misalignments that emerge between Anglo American’s policy positions, including those that support the goals of the Paris Agreement, and those of an industry association of which the company is a member.

• Updating its Code of Conduct and Group Business Integrity Policy to reflect relevant changes in standards of behaviour and due diligence expected of industry associations.

• Setting out a clear process for action to be taken when misalignments between Anglo American policy positions and those of the industry associations are identified.

• Publishing the membership of all its industry associations, including fees paid and a short description of the rationale for each membership.

Read the full press release here.