Green investors urge Morrisons to join global warming fight
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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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