Towards COP21: PRI action on climate change

COP21

The PRI is working with our UN and investor group partners at this year’s major climate negotiations at COP21 in Paris in December. There are a variety of opportunities for signatories to get involved in the events in Paris in person, and to contribute to the broader climate agenda.

What can you do in Paris during COP21?

Numerous officially affiliated and unofficial side events will surround COP21’s primary negotiation between governments. Many companies are likely to be attending the events below, which could provide opportunities for investor-company engagement on climate risks while in Paris.

PRI-SUPPORTED

Caring for Climate Business Forum   Caring for Climate Business Forum

7 & 8 December

The PRI is a strategic partner to the UN’s Caring for Climate Business Forum, the official business event of COP21. Day 1 will see 500 people discuss themes including finance, responsible corporate engagement in climate policy and adaptation. Day 2 will be restricted to CEOs of signatories to either Caring for Climate, UNEP FI or the PRI and will focus on issues such as carbon pricing.

Registration is now closed but a limited number of spaces will be available for on-site registration at the site. Places cost US$500 each.

Climate Action Dialogue – Investor Actions on Climate Change

4 December

Presented by IIGCC, Ceres/INCR, IGCC, PRI, UNEP-FI and CDP. A new mainstream of climate-aware investors are taking bold action to measure carbon emissions, reallocate capital, engage with industry and help shape policy frameworks. In this Climate Action Dialogue, leading investor CEO’s will discuss how they are integrating their climate goals into portfolio actions and using their influence to drive change in the market which could help bridge the gap to 2°C.

To attend this event requires UNFCCC Blue Zone accreditation. Further details are available on the UNFCCC website.

Other events:

  • LPAA Focus on Private Finance – 4 December PRI Chair, Martin Skancke, will be speaking at the LPAA Focus on Private Finance event, a Focus Day of the Lima-Paris Action Agenda to highlight the contribution of non-state actors in advancing the agenda on private finance.
  • World Climate Summit – 6 December The World Climate Summit is a platform for showcasing innovation and initiatives of business, financiers and governments in addressing climate change. Carbon Tracker and CDP are among the partners.
  • Global Landscapes Forum – 5 & 6 December The Global Landscapes Forum focuses on the link between land and climate change, including issues around deforestation and land-use change. There will be sessions dedicated to finance and investment.
  • Sustainable Innovation Forum – 7 & 8 December The Sustainable Innovation Forum is largely attended by businesses and focuses on climate solutions. The closing plenary of day one covers climate finance with input from UNEP FI. The forum is in association with UNEP and partners include CDP, IIGCC, Eurosif, UKSIF, the Global Compact, CDSB and Ceres. (Note that this event runs at the same time as the Caring for Climate Business Forum).

*The PRI is not explicitly endorsing any of these events, with the exception of the Caring for Climate Business Forum, to which we are a partner.
 

Multiple official side events are organised within the Blue Zone and the Climate Generations Space:

  • Blue Zone This area is the official negotiation venue of COP21, and therefore you must be accredited to attend events held here. A full list is available on the UNFCCC’s website. (The PRI cannot assist with accreditation, although some events may be able to provide day passes).
  • Climate Generations Space This area is adjacent to the official negotiation zone but does not require accreditation to attend. Full details on this area and the events taking place within it are available on the official COP21 website.
     

What can you do to contribute to the climate agenda?

While events are great opportunities to get involved, your organisation’s contribution to the climate agenda can be much more than this. There are a number of actions you can take within a variety of investor initiatives, which are highlighted on the Investor Platform for Climate Actions – a joint initiative of PRI and partners including UNEP FI, CDP, IIGCC, IGCC, Ceres/INCR and AIGCC.

Included on the platform are:

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The PRI’s Montréal Carbon Pledge

commit to measuring and disclosing the carbon within your portfolio. The Montréal Carbon Pledge now has over 90 signatories. Please direct any questions to sagarika.chatterjee@unpri.org

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The PRI’s investor working group on corporate climate lobbying

engage with companies whose lobbying on climate is inconsistent with long-term investors’ interest in a safe climate. You can also sign the Investor expectations on corporate climate lobbying statement, here. Please direct any questions to paul.chandler@unpri.org.

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Global investor statement on climate change

join over 370 investors that have already signed the statement setting out the contribution that investors can make to the climate agenda and the policy actions investors expect from governments. The deadline is 27 November.

Do you have a climate change announcement to make?

We welcome investor announcements and commitments on climate change in the lead up to or during COP21. We also invite you to contact us to discuss key messages and how we and our partners can assist in amplifying your communications.

Questions?

If you have any questions about COP21 or your own contribution as an investor to the climate agenda, please contact paul.chandler@unpri.org.

What is the PRI doing on climate change?

The PRI is working with partners including the Asian Investor Group on Climate Change (AIGCC), Institutional Investors Group on Climate Change (IIGCC), the Investor Group on Climate Change (IGCC) and Ceres/the Investor Network on Climate Risk (INCR) on high-level policy engagement with G20 governments at key moments in the run up to Paris.

We are also working on key guidance to signatories, including a new asset owner pilot framework for developing a climate change strategy, launched during COP 21.

We are actively working with both of our UN Partners – UNEP FI and UN Global Compact – as well as CDP, AIGCC, IGCC, IIGCC and INCR on a number of climate initiatives.

In particular, we have worked together to support the Global Investor Statement on Climate Change and the Investor Platform for Climate Actions. We also support the Low Carbon Investment Registry, where investors can log their low carbon investments, the Portfolio Decarbonisation Coalition, through which investors commit to reduce the financed emissions in their portfolio and the CDSB statement on fiduciary duty and climate change disclosure.

 

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