Story from PIMCO.
PIMCO engaged on the alignment of BMW's electrification strategy and climate ambition with the Paris Agreement on climate change. Moreover, we raised supply chain issues and advised an expansion of the company's disclosure around upcoming supply chain targets for 2030 and the potential use of CO2 as a criterion for procurement.
Since we began engaging with the company, BMW has aligned their new CO2 goal with the Science-Based Target initiative (SBTi) and they are exploring how to disclose more information in due course, for example on absolute emissions targets and how they go beyond regulations. BMW is also moving to an integrated reporting approach.
Note that all fund impact stories are sourced from the fund manager and have not been independently verified by Ethos. You can view the source of this story here.
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