A group of leading institutional investors – including two of the largest asset managers, and pension funds in Europe – have joined forces with the United Nations Environment Programme and its Finance Initiative (UNEP FI), to substantially reduce the carbon footprint of USD100 billion of institutional investment worldwide. Institutional investors are owners of large segments of the global economy. Therefore, it is expected that having a critical mass of them decarbonize their portfolios will send a strong and unequivocal signal to carbon-intensive companies that carbon-efficiency is now center-stage. Achim Steiner, UN Under-Secretary-General and Executive Director of UNEP said, “Institutional investors often have long-term investment horizons and are diversified across the economy. They have an interest in the long-term stability of the whole system rather than the short-term performance of individual market actors. That is why avoiding disruptive climate change, a truly systemic threat, is of such intrinsic interest to them.”
View the Press Release and the Coalition’s flyer.