“As lead engagers under Climate Action 100+ and IIGCC we congratulate Repsol on its new commitment to align activities and investments with the goals of the Paris Agreement. By creating a path to firmly transition towards net zero emissions across the value chain by 2050, supported by a decarbonisation process with interim targets, Repsol sets a higher benchmark for the industry. We were pleased to support Repsol on taking this important step forward and look forward to continuing our constructive dialogue with the company on climate action”.

BNP Paribas Asset Management, UBS Asset Management and EOS at Federated Hermes as lead engagers