1 December 2015
As world leaders and government representatives begin negotiations to hammer out a global climate deal at COP21 in Paris, institutional investors continue to ratchet up their contributions in a number of areas.
More than 400 investors with a collective US$ 24 trillion in assets under management have now signed the Global Investor Statement on Climate Change, a call to action setting out the steps investors can and will take to address climate change alongside the six specific policy responses from governments that would allow investor actions, including low-carbon investments, to be scaled up even further.
The last week has seen significant milestones in four of the key investor activities: more than 115 investors have pledged to measure and disclose their carbon footprint via the Montréal Pledge. The Portfolio Decarbonization Coalition’s US$100 billion target has been exceeded by $130 billion as 23 investors now work to reduce their financed emissions, while more than $50 billion in low carbon investments are now registered on the Low Carbon Investment Registry.
The Investor Platform for Climate Actions continues to be the home of all these initiatives and will be updated regularly throughout and beyond COP21 to reflect new announcements as they take place.
To provide a visual synthesis of the many actions taken by investors and their linkages, the partners of the platform have produced an infographic summarising investor actions which is available here.