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Global standard for corporate climate lobbying launched

Investors have launched the Global Standard on Responsible Climate Lobbying which urges companies to commit to responsible climate lobbying, disclose the support given to trade groups lobbying on their behalf, and take action if it runs counter to the world's climate goal. Developed by Swedish pension scheme AP7, BNP Paribas Asset Management, and the Church of England Pensions Board, the standard is backed by investor groups leading on climate talks with companies whose members manage a collective USD130tr. AP7 Sustainability Strategist Charlotta Dawidowski Sydstrand said investors will no longer tolerate a glaring gap between a company's words and their actions on climate. Clare Richards, senior engagement manager at the Church of England Pensions Board, said corporate lobbying can significantly influence public climate policy.

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