Major investors have warned the automotive industry it needs to accelerate its readiness for a low-carbon world if it is to retain their support and prosper…Vehicle makers must put climate change specialists on their boards, engage better with policy-makers, and invest more heavily in low-emission cars, says a network of 250 global investors with assets of more than $24trillion…The demands come in a new report, Investor Expectations of Automotive Companies, published this week by the Institutional Investors Group on Climate Change (IIGCC)…“Long-term investors want to ensure that automotive companies are prepared for the challenges stemming from climate change, new technologies, changing policies and shifts in demand caused by global trends,”
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