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With unprecedented wildfires, heatwaves, and droughts, it should be a no-brainer that we need climate action immediately. Sasol’s climate plans are misaligned to the fossil fuel phase-down envisioned by the COP26 Glasgow Pact. In order to keep the vision of a 1.5°C future alive, investors like Ninety-One and Coronation Fund Managers must call for an end to this era, too. Increasingly, institutions like Ninety-One and Coronation claim to support the Paris Agreement, but there is a big difference between rhetoric and action. It is time for institutional investors to send a clear signal that they will not endorse greenwashing. If they genuinely care about the climate crisis, they must send a strong market signal that any plan that falls short of achieving zero emissions will be voted down. They must draw a line in the sand between real climate action and greenwashing. We are calling on Sasol’s lead investors, Ninety-One and Coronation to demand real climate action by voting “AGAINST” Sasol’s greenwashing. In solidarity,
By Thandile Chinyavanhu |
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Climate and Energy Campaigner Greenpeace Africa |
