CCLA responds to the Net Zero Asset Manager’s initiative announcement on 13 January to suspend its activities.

CCLA is clear on the imperative to act on climate change. It is critical for companies to act decisively in the next decade, to set out a transition plan to explain their decarbonisation plan and put such plans for AGM approval. We have written to FTSE all-share companies encouraging a transition plan vote, with overall positive responses. Transition plan votes have gained traction globally with a marked increase in resolutions in Europe and Australia year on year.