19 October 2006

Climate Change: Major Institutional Investors Make a Statement

from The Climate Group

The Institutional Investor Group on Climate Change (IIGCC) - Europe’s leading alliance of institutional investors working on climate change - held a major investor conference in Paris on October 12th and 13th. This event bought together senior figures from the corporate, financial and public sectors to discuss the investment consequences of climate change and the most appropriate response.

The conference followed a recent statement released by institutional investors managing assets worth more than £850bn, who pledged to use their collective financial muscle to encourage companies and governments to act to reduce global greenhouse gas emissions.

The Investor Statement on Climate Change, sponsored by the Institutional Investors Group on Climate Change (IIGCC) and signed by a number of Europe’s largest pension funds and asset managers, states that climate change is likely to have serious adverse impacts on the long-term interests of the millions of savers whose assets are managed by institutional investors and that investment decisions taken now will have a major impact on the world’s climate.

Douglas Ferrans, Chief Executive, Insight Investment, which is a member of the IIGCC said, “As institutional investors we recognise that the long-term interests of the millions of savers who we represent and the organisations they work for are inextricably intertwined with long term climate issues. This Statement is about encouraging real change right now, through ensuring that all actors in the investment system – asset managers, pension funds and their advisers – play their part in responding to climate change. The Statement also recognises the critical role of government in providing an investment environment that will help us ensure a more stable climate for current and future generations.”

Read more at Investors

Download the IIGCC statement here.

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