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Political action on climate “vital”, say Nordic and foreign investors en masse
13 institutional investors from Sweden, 10 from Denmark, three from Finland and one from Norway have banded together with 350 investors worldwide prior to a pair of key climate summits, to urge the world's governments to take political action, EnergyWatch reports. The two events are the G20 leaders' summit on 30 November - 1 December in Buenos Aires, Argentina, and the COP24 climate change conference on 3-14 December in Katowice, Poland. Together, the signatories who are united under "The Investor Agenda" represent USD 30 trillion in assets.
Three key requests
The investors have signed a statement to governments calling on them to act in order to address climate change. The statement, containing three focal points for the heads of government, will be submitted to the upcoming climate summits. The investors call on global leaders to:
- Achieve the Paris Agreement’s goals
- Accelerate private sector investment into the low carbon transition
- Commit to improve climate-related financial reporting
"To build on this momentum and maintain investor confidence to further shift investment portfolios, it is vital that policy makers are firmly committed to achieving the goals of the Paris Agreement," the statement says.
-Related news: Pension funds invest five times more in green than black energy
Danish signatories
The Danish signatories on the list are:
- ATP
- Polaris Equity
- Sampension
- Danske Bank Wealth Management
- Lægernes Pension
- MP Pension
- P+, which is a pension fund for lawyers and economists (JØP)
- Ingeniørernes Pensionskasse (DIP)
- PBU
- Pensiondanmark
Read the statement here.
-Related news: Successful P4G summit wraps up with the release of the Copenhagen Commitment
The Investor Agenda calls on global investors to accelerate and scale up the actions that are critical to tackling climate change and achieving the goals of the Paris Agreement. It is a comprehensive agenda for investors to manage climate risks and capture low-carbon opportunities, and a mechanism to report and showcase their actions in four key focus areas: Investment, Corporate Engagement, Investor Disclosure and Policy Advocacy. The agenda has been developed by Asia Investor Group on Climate Change, CDP, Ceres, Investor Group on Climate Change, Institutional Investors Group on Climate Change, Principles for Responsible Investment and UNEP Finance Initiative.
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