BNPP AM is a member of the Investor Network / CERES. In 2019, we worked with Ceres and Boston Trust Walden to bring our European corporate lobbying effort to the United States. In September, we were a lead signatory on a letter to the largest corporate greenhouse gas emitters in the United States, on behalf of two hundred institutional investors managing USD 6.5 trillion.
The letter presented our collective expectation that companies align their lobbying efforts with the Paris Agreement, and that misalignments with trade association lobbying be constructively and transparently addressed. Since that time, more than half of these companies provided substantive responses or acknowledged receipt and welcomed dialogue.
In December, we took an additional step and crafted a new shareholder proposal, which we submitted to four companies that either did not respond to our letter, or provided an inadequate response and play a particularly important role in influencing the direction of future U.S. public policy to address the climate crisis: Exxon Mobil, Chevron, Delta Airlines and United Airlines. We are serving in a lead role with all four companies.