Press Release; www.ceres.org
As companies, investors and policymakers gather in Paris for Climate Week to galvanize momentum ahead of a global deal at COP 21, investors have launched an online platform that for the first time will identify and record the wide range of actions on climate change being undertaken by the global investor community.
The Investor Platform for Climate Actions covers three primary action areas:
- Measurement (e.g. carbon footprinting of portfolios)
- Engagement (e.g. with fossil fuel and energy intensive companies)
- Reallocation (including investment in low carbon assets and shifting capital from emissions intensive activities)
By showcasing the broad range of climate actions being undertaken by the investor community globally, investors are determined to encourage further initiatives and help drive momentum for an ambitious global climate deal in Paris in December.
This platform provides a single location for investors as well as the wider stakeholder community to identify how investors are helping accelerate the shift to a low carbon economy.
The launch of the platform follows the call last September to world leaders by more than 360 investors managing over $24 trillion in assets for a strong global climate deal.
Christiana Figueres, Executive Secretary of the UN Framework Convention on Climate Change, said:
“It is very encouraging to see key investor groups coordinate efforts and establish a joint platform for investor action. Ahead of the UN climate change conference in Paris, cities, regions, companies and investors must continue to increase their active participation in the global efforts toward a low emission, highly resilient world. Over the next 15 years some $90 trillion are likely to be invested in infrastructure world-wide. Investments that are de-risked and green will be crucial for ensuring we do not lock in a high emission future but instead unlock a healthy and prosperous one that delivers the twin aims of climate stability and reliable development for the poor and the needy”.
The Investor Platform for Climate Actions is a joint project of IIGCC in Europe, Ceres’ Investor Network on Climate Risk (INCR) in North America, IGCC in Australia/New Zealand, ASrIA’s Asia Investor Group on Climate Change (AIGCC), PRI, CDP and UNEP FI.