12/07/2007
The Institutional Investors Group on Climate Change (IIGCC), of which Ethos is a member, has sent a letter to the Heads of State of major economies, including to the President of the Swiss Confederation Micheline Calmy-Rey.
The letter, which was also delivered to the Heads of Delegation at the UN Climate Change conference in Bali, calls for the negotiators to make substantial progress on a post-2012 climate treaty. IIGCC members include some of the biggest pension funds and leading asset managers in Europe.
In the letter, investors argue that credible and effective climate policy is critical for protecting and enhancing the value of their investments. Early agreement on post-2012 policy framework is essential for investors to plan effectively how to respond to the risks and opportunities posed by climate change. The letter to the G8 can be accessed on the website of IIGCC.
Note:
The IIGCC is a forum for leading investment organisations and pension funds to promote the assessment and active management of the investment risks and opportunities posed by climate change. IIGCC currently has 42 members with assets under management of over EUR 3700 billion. Ethos is member of the IIGCC since 2003.
In 2006, Ethos signed the IIGCC Investor Statement on Climate Change, which recognises that investment decisions taken today will have a major impact on the climate. Signatories pledge to incorporate climate change risks and opportunities in their financial analysis, to actively engage with the companies in which they invest to encourage them to tackle climate change implications, and to encourage governments to establish a policy framework that sets clear and challenging yet achievable international targets for greenhouse gas emissions reductions.
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