AP Moller-Maersk is the lone shipping company being targeted by a newly formed association backed by 225 of the world’s largest investors that want to use their financial clout to encourage cleaner emissions from industry.

Climate Action 100+ claims its members represent a total of $26.3trn in managed assets. It was formed on the second anniversary of the 2015 Paris climate change agreement at French president Emmanuel Macron’s One Planet summit.