Eurizon and the pathway to Net Zero: Stewardship Activities and the Framework to assess Directors’ Accountability to Climate Change

As a signatory of the Net Zero Asset Managers Initiative, Eurizon believes that good corporate governance practices can support issuers’ decarbonisation processes to achieve Net Zero emissions by 2050.  Good governance should inherently include effective oversight of climate risks, which could lead to the mitigation of financial risks and the exploitation of opportunities. Eurizon recognizes that climate change is a systemic risk that needs to be mitigated, not only through a medium to long-term dialogue to encourage investee companies to decarbonise their activities in order to progressively move towards a net zero scenario, but also through proxy voting. Eurizon is therefore committed to voting against the directors of companies that do not meet our climate performance expectations.