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Active ownership
Introduction
ESG integration
Climate change
Partnership with Prudential
Community and people
A final word
The engagement highlighted how the ESG team provided feedback to the company on the type of internationally-recognised biofuel certifications to help the company better prepare for the increasing regulatory focus on biodiversity, including the possibility of future import taxes. The company responded that they were appreciative of this dialogue and will factor in these considerations when scaling their biofuel program.
With capacity building towards its strategy and proper governance channels in place, we gained a clearer understanding and level of comfort of the company’s preparation for its climate commitments. We will continue to monitor the company’s implementation of its transition strategy, whilst considering political and competitive landscape changes.
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