Green investors urge Morrisons to join global warming fight

The Science Based Targets initiative is a partnership between CDP, UN Global Compact, WRI and WWF

17 April 2018

Activist investors are turning the heat on supermarkets chain Morrisons to ramp up its climate goals before its annual general meeting.

The grocer should cut its greenhouse gas via so-called science-based targets, investor action group ShareAction said on Monday.

The likes of Tesco, Marks & Spencer and Asda’s owner Walmart have already signed up to an initiative to limit global warming to below 2°C.

The group urged Morrisons to source more renewable energy and ramp up the use of electric vehicles. The grocer said it is planning to introduce the science-based targets.

A similar letter was sent to Sainsbury’s in February by ShareAction, the responsible investment charity, which speaks for investors managing over $1 trillion, including asset manager Aegon.

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Green investors urge Morrisons to join global warming fight

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