Investors controlling £23tn launch campaign to combat climate change
A group of 400 of the worlds largest investors, are launching a campaign to tackle climate change. With total assets grossing £23tn, the group are planning to put pressure on governments to stick to the Paris Agreement goals. The list of organisations who are part of the newly launched “Investor Agenda” includes 279 investors controlling $31tn who had already signed up to the aims of the Climate Action 100+ in agreement with this statement: “We, the institutional investors that are signatories to this statement, are aware of the risks climate change presents to our portfolios and asset values in the short, medium and long term.
The group totalling 392 investors, include a core group of 120 firms who claim to be pursuing new investments in low-carbon and “climate resilient” portfolios and strategies. This will include “investing in renewable energy and energy efficiency projects, phasing out investments in coal, and integrating climate change into portfolio analysis and decision-making”, a statement from the Investor Agenda said.