As part of Climate Action 100+, we are one of the lead investors engaging with this large Italian manufacturer and distributor of electricity and gas. We asked the company to divest from coal and to give the market a firm timeline for this. In November 2019, the company updated its 2020-22 strategic plan, and announced that it will be accelerating its planned investment in renewables and its phase out of coal generation, committing to reduce production by 74% in 2022 (vs 2018). We have had several interactions with the company, including detailed discussions on several aspects of the CA100+ agenda, with an interesting discussion in particular on the political implications of closing its coal-fired power plants.