Beef producer AACo, which manages a $1.2 billion portfolio of cattle stations extending over 6.4 million hectares, has reviewed its climate risk exposures, and will do the same for nature risks.
Chevron will significantly increase its spending on carbon capture and nature-based credits, and will develop a new business as a CCS service provider.
As well as giving shareholders an annual vote on its energy transition progress, Shell will allocate US$100 million annually to nature-based carbon offsets, and has set an ambitious CCS target.
ISPT, which manages a $19 billion property portfolio for industry super funds, has become carbon neutral without using cheap international carbon credits, and plans to create and sell its own offsets.