The Collaborative Sovereign Engagement on Climate Change
initiative (the initiative) is committed to compliance with all applicable laws
and does not seek, require or endorse individual or collective decision-making
or action that is not in compliance with those laws. Signatories are
independent fiduciaries responsible for their own investment and voting
decisions. The use of engagement tools and tactics, including the scope of
participation in engagements is at the discretion of individual investors and
subject to all relevant laws, including competition and antitrust laws. The
initiative facilitates the exchange of public information, but participants
must not share or exchange non-public, competitively sensitive information.
Participants must avoid coordination of strategic behaviour that impacts
competition. Participants must make independent decisions regarding next steps
and how they will pursue them, and are encouraged to consult their own counsel
as appropriate.
The initiative does not act or speak on behalf of
participants. Participants also do not seek directly or indirectly, either on
their own or another’s behalf, the power to act as proxy for a security holder
and do not furnish or otherwise request or act on behalf of a person who
furnishes or requests, a form of revocation, abstention, consent or
authorisation. Participants may not claim to represent other participants, the
initiative or the PRI or make statements referencing other participants, the
initiative or the PRI without their express consent.
The initiative does not provide investment, legal,
accounting or tax advice.
Whilst the PRI has exercised its best efforts, it makes no
warranties, express or implied, or representations as to the accuracy,
reliability and completeness of any information provided on this website. The
initiative does not necessarily endorse or validate the information contained
herein.
The Terms of Reference, responsibilities, rights and other
information contained elsewhere herein are intended to be interpreted in a
manner consistent with the foregoing.