Portfolio Decarbonization Coalition Overseeing Decarbonization of $230bn Assets under Management, Far Above Target
UK, Dutch and French Investment Firms Join Coalition Ahead of COP21, with More to Follow
London/Geneva, 27 November 2015 – The Portfolio Decarbonization Coalition (PDC), which aims to support greenhouse gas emissions cuts by engaging institutional investors committed to decarbonizing their portfolios, is now overseeing the decarbonization of $230 billion in Assets Under Management (AUM), dramatically surpassing its target of $100 bn.
Hermes Investment Management in the UK, MN Services in the Netherlands, BNP Paribas Investment Partners, Humanis, and Caisse des Dépôts (CDC) in France today joined the coalition, bringing the number of members to 23, managing total assets of $2.2 trillion.
Read the full press release.