Wespath Signs the 2014 Global Investor Statement on Climate Change
Wespath Investment Management, along with nearly 350 other investors representing more than $24 trillion, has signed the 2014 Global Investor Statement on Climate Change. Signatories are using the statement to outline several actions intended to increase low carbon and climate-resilient investments while calling upon governments “to develop an ambitious global agreement on climate change by the end of 2015.” The statement was presented at the United Nations Secretary General’s Climate Change Summit in New York City on September 23, 2014.
Aligned with Wespath’s climate change engagement strategy, the Statement focuses on investors’ concerns that “gaps, weaknesses and delays in climate change and clean energy policies will increase the risks to our investments as a result of the physical impacts of climate change, and will increase the likelihood that more radical policy measures will be required to reduce greenhouse gas emissions. In turn this could jeopardize the investments and retirement savings of millions of citizens.”
In a move that demonstrates heightened global investor co-ordination relating to climate change, the Statement was jointly prepared by leading global investor coalitions: the Asia Investor Group on Climate Change, the Institutional Investors Group on Climate Change, the Ceres Investor Network on Climate Risk, the Investor Group on Climate Change Australia/New Zealand, the United Nations Environment Programme Finance Initiative and the United Nations-supported Principles for Responsible Investment.
More information on the Investor Statement is available here.
A copy of the Investor Statement is available here.