Public policy provides the signals and incentives that direct the flow of capital across the global economy. Policymakers need to create policy frameworks that support investment in low carbon assets, enable investment in adaptation measures, and enact a just transition for affected workers and communities. They also need to ensure that investors take full account of the risks and opportunities presented by climate change in their decision-making.
Investors are a key influence on policymakers and, therefore, policy engagement by long-term investors is a necessary extension of these investors’ responsibilities and fiduciary duties to their beneficiaries.
Ahead of the UN Secretary-General’s Climate Action Summit in New York in September 2019, a record 515 investors managing over US $35 trillion signed the Global Investor Statement to Governments on Climate Change, which called on world governments to:
- Achieve the Paris Agreement’s goals
- Accelerate private sector investment into the low carbon transition
- Commit to improve climate-related financial reporting
The statement was initially launched in June 2018 ahead of the G7 Summit, and show-cased with updated lists of signatories at the Global Climate Action Summit in September 2018, at COP24 in Katowice in December 2018, and at the G20 Summit in Osaka in June 2019.
The Investor Agenda Founding Partners have also released an open letter from their CEOs, and a briefing paper outlining the key asks in the statement. You can read the statement, the open letter and the briefing paper below.
Investors are strongly encouraged to use the statement, open letter and briefing paper in their engagements with national governments and the media. The Investor Agenda Founding Partners can facilitate this outreach; please contact the Investor Agenda team if you wish to find out more about our policy work, how you as an investor can support it, and our plans for 2019 and beyond.