A total of 415 global investors with $32 trillion in assets under management have this week called on leaders at the United Nation’s COP24 global climate change conference currently underway in Katowice, Poland, to address the climate change “ambition gap” by strengthening their Nationally Determined Contributions to meet the goals of the Paris Agreement.
Nearly 400 investors with assets worth $32 trillion announced The Investor Agenda last week, a first-of-its-kind global agenda aimed at demonstrating and supporting investors in accelerating and scaling-up actions critical to meeting the goals of the Paris Agreement.
Most energy companies today report on their climate, environmental, and social impacts. In the EU, they are even legally obliged to do so. But how transparent are these reports? How can they be compared? And how will they be used by investors and policymakers? Clare Taylor spoke to a number of experts and learned that energy companies are increasingly under pressure to improve their non-financial reporting – and that there is more legislation to come. Meanwhile, one NGO is working on a global benchmark. “The accountants are taking over.”
A group of businesses and investors have written to UK Prime MInister Theresa May, urging her to raise the country’s ambitions to tackle climate change and increase her leadership of the UK “towards a stronger, more prosperous, and more sustainable future for its people and the economy.”
A global network of more than 270 institutional investors, representing assets worth more than €20 trillion, has warned global utilities of the threat of climate change. The Institutional Investors Group on Climate Change launched its new report, Investor Expectations of Electric Utility Companies: Looking down the line at carbon asset risk, … [continued]
For the past few decades, the simple message “no time to lose” has fallen on deaf ears, leaving many of us pushing for climate action feeling like Eric Idle in the homonymous Monty Python skit, in which he goes out of his way to help Michael Palin utter the four … [continued]
