News from the Archive
17 January 2012
Investors plan to seize climate opportunities
An action plan to minimize risks and seize climate change opportunities has been announced by the Investor Network on Climate Risk - a group of 100 institutional investors with assets totaling USD10 trillion. The plan for 2012 will also tackle the policy and governance issues that impede investor progress toward more sustainable capital markets.
© Vaclav Volrab
The Investor Network on Climate Risk (INCR) announced the 2012 Investor Action Plan on Climate Risks and Opportunities at the Investor Summit on Climate Risk and Energy Solutions at the UN headquarters last week.
Nearly 500 of the world investors and most powerful financial players gathered to showcase their actions and discuss promising trends to catalyze the large-scale investment needed to reduce carbon emissions and mitigate potentially catastrophic climate impacts
The INRC's 2012 plan includes action items in three broad categories: investment practices; corporate engagement; and policy advocacy.
Investing in cleaner technologies and more efficient resource use can be a pathway to profit and prosperity, boosting global economic growth and creating jobs while also providing competitive returns to investors, according to INCR.
"Climate change also presents significant risks and economic costs, which require serious attention from investors. There are many actions that investors and companies can independently and pro-actively take to seize low-carbon opportunities and address climate risks, but policy leaders also play a crucial role."
"Climate risks can be reduced and low-carbon opportunities expanded with well-designed and effectively implemented long-term climate change and clean energy policies."
To the best of their abilities, investors will, for instance;
*analyze and manage climate risks and opportunities in portfolios;
*integrate climate risk considerations into external manager procurement and monitoring; accelerate integration of energy efficiency into investment decision-making;
*assess and manage water risks and opportunities in portfolios;
*encourage companies to improve disclosure, governance, and practices on climate change and
sustainability at both the corporate and supplier level;
*support international, national, sector-specific, and sub-national policy action;
*work with regulators and others to ensure companies disclose material effects of climate change on their businesses.
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