Reducing Emissions Across the Portfolio launched at Climate Finance Day
The PRI has launched the executive summary of its upcoming discussion paper Reducing Emissions Across the Portfolio at Climate Finance Day in Paris, 22 May. The paper, which is phase 1 of The PRI Climate Change Strategy Project, lays out: a strong case for asset owner action on climate change, why a portfolio carbon footprint is a useful tool for asset owners and the key factors for asset owners to consider when reducing emissions.
The full paper will be published on the PRI website in June. Phase 2 of the project will provide a pilot framework for reducing emissions and case studies of investor action, by COP21 in December.
At Climate Finance Day on 22 Mar, Martin Skancke, PRI Chair, participated in a panel discussion exploring how institutional investors can bring their portfolios in line with the target to limit global warning to 2°C. He also met French President Francois Hollande and French Finance Minister Michel Sapin to discuss the work of the PRI and the role of investors in tackling climate change. You can follow live updates from Climate Finance Day throughout the day here.
SUPPORTING INVESTOR ACTION ON CLIMATE CHANGE
With COP21 in Paris fast approaching, the PRI is encouraging investors to acknowledge the important role they have to play in financing the transition to a low-carbon economy. Throughout 2015, the PRI is supporting a global agreement by providing opportunities for signatory investors to:
- Show their support to policy makers
- Demonstrate they are addressing climate change
- Engage with companies on corporate lobbying on climate change
- Convene at key moments to mobilise investor support and action