We hold the world’s biggest companies accountable for their role in climate change.

Just 100 companies have extracted the oil, gas and coal responsible for more than 70% of the world’s greenhouse gas pollution. We are galvanizing investor pressure to compel some of the worst polluters to slash emissions from their operations and business models. And it’s working.

Last spring, a small, activist hedge fund named Engine No. 1 stunned the corporate world by winning three seats on Exxon Mobil Corporation’s board of directors. The vote was a clear signal to the oil and gas sector that investors want meaningful climate action. We supported Engine No. 1’s effort, emphasizing to major shareholders that for Exxon — and all the world’s biggest emitters — the global climate crisis is a business risk.

Soon after the board vote, EDF announced a partnership with Legal & General Investment Management America, the American arm of the world’s 11th largest investment management firm. Together we will use the power of investors to push major oil and gas and transportation companies to rapidly transition to net zero emissions.

“This is a watershed moment for the oil and gas industry and leading investors,” says EDF President Fred Krupp. “The message is clear: Climate change has become a board-level priority.”

What’s next?

The Securities and Exchange Commission is expected to release new rules requiring companies to declare meaningful information about the risk climate change poses to their bottom lines. EDF engagement with the SEC and testimony on Capitol Hill figured prominently in the push for these new rules, and we are continuing to work to ensure a strong final rule.