Investors Worth $22tr Urge G20 To Stand By Paris Accord

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Stockholm (NordSIP) – As the G20 prepares to gather in Hamburg this weekend (7-8 July), long-term institutional investors representing over $22 trillion in assets have written to the G20 heads of state urging them to stand by their commitments to the Paris Agreement.

Press Release:

Nearly 400 global investors (managing more than $22 trillion in assets) urge G20 to stand by Paris Agreement and drive its swift implementation.

Long-term institutional investors (389 representing more than USD 22 trillion in assets) have written to G20 leaders urging governments to stand by their commitments to the Paris Agreement at their upcoming Summit in Hamburg on 07- 8 July 2017.

Underscoring the urgency of action by G20 nations to implement the global climate pact and echoing a message previously delivered to the G7, investors call on G20 leaders to:

  •  Reiterate their support for and commitment to implement the Paris Agreement, including the delivery of their own Nationally Determined Contributions in full.
  •  Bring forward focused and targeted long-term climate and energy plans that will ensure their future actions align with commitments under the pact to keep global average temperature rise to well below 2°C above pre-industrial levels and preferably to 1.5 °C.
  •  Drive investment into the low carbon transition through aligning climate-related policies, phasing out fossil fuel subsidies and introducing carbon pricing where appropriate.
  •  Implement climate-related financial reporting frameworks, including supporting the Financial Stability Board Task Force on Climate-related Financial Disclosures’ recommendations.

“Investors are sending a powerful signal today that climate change action must be an urgent priority in the G20 countries, especially the United States,” said Mindy Lubber, CEO and president of the sustainability nonprofit organisation Ceres, which directs the Ceres Investor Network on Climate Risk and Sustainability. “Global investors are eager to open their wallets to a low-carbon future, but it won’t happen without clear, stable policy signals from countries worldwide – in particular the U.S., whose withdrawal from the Paris Climate Agreement is hugely troubling.”

Stephanie Pfeifer, CEO of the Institutional Investors Group on Climate Change (IIGCC) in Europe added, “Investors recognise the global transition to a low-carbon, clean energy economy is now firmly underway. They also want to make well-informed decisions that will help ensure Paris Agreement signatories can deliver swiftly on their national commitments. It is vital that every signatory across the G20 adopts policies that drive better disclosure of climate risk, curb fossil fuel subsidies and put in place strong pricing signals sufficient to catalyse the significant private sector investment in low carbon solutions.”

Read the letter signed by investors here.

The following are signatories to the letter:

ABP
Acadian Asset Management, LLC
ACTIAM N.V.
Addenda Capital Inc.
Adrian Dominican Sisters Portfolio Advisory Board Aegon N.V.
AGF Investments
Agriculture Capital
AIF Capital Limited
Aktia Bank
Alberta Investment Management Corporation Albright Capital Management LLC
Alecta
Allianz Global Investors
Alphinity Investment Management
Alquity Investment Management Limited Amalgamated Bank
AMF

AMP Capital
AMUNDI
Andra AP-fonden (AP2)
AP3 Third Swedish National Pension Fund
AP4 Fourth Swedish National Pension Fund
AP7
APG Asset Management
Aquila Capital
Arabesque Asset Management Ltd
ARC Fiduciary
Ario Advisory
Arjuna Capital
Armstrong Asset Management
ASN Bank
Athens Impact Socially Responsible Investments
ATP
Australian Council of Superannuation Investors
Australian Ethical Investment Ltd
AustralianSuper
Avanz Capital
Avaron Asset Management
Aviva Investors
Aviva plc
Avon Pension Fund
AXA Group
AXA IM
Baillie Gifford
Baldwin Brothers Inc
BaltCap
Banco de Crédito Cooperativo-Grupo Cooperativo Cajamar Bankhaus Schelhammer & Schattera
Barings LLC
Bâtirente
Bayerische Versorgungskammer
BBC Pension Trust Ltd
Bedfordshire Pension Fund
BMO Global Asset Management

BNP Paribas Asset Management
Bonnefield
Boston Common Asset Management
Boston Trust & Investment Management Company/Walden Asset Management Brawn Capital Limited

Bridges Fund Management Ltd
British Columbia Municipal Pension Plan
British Columbia Investment Management Corporation (bcIMC) BT Financial Group
BT Investment Management
Bullitt Foundation

BVM Shareholder Education & Advocacy Group Caisse des Dépôts – Groupe
Caisse de dépôt et placement du Québec

Caja Ingenieros Gestión SGIIC California State Controller CalPERS
CalSTRS

Calvert Foundation
Calvert Research and Management
Candriam Investors Group
Capri Investment Group
Capricorn Investment Group
Cathay Financial Holding Co., Ltd.
Catholic Super
Cbus
CCLA
Celeste Funds Management
CFB Methodist Church
Chair of the Investment Committee of Archbishops Council Christian Brothers Investment Services
Christian Super
Christopher Reynolds Foundation
Church Commissioners for England
Church Investors Group
Church of England Pensions Board
Church of Scotland Investors Trust

Church of Sweden
Clean Yield Asset Management
COMGEST
Committee on Mission Responsibility Through Investment, Presbyterian Church U.S.A. Community Capital Management
Congregation of Sisters of St. Agnes
Congregation of St. Joseph
Congregation of the Sisters of the Presentation – Newfoundland and Labrador Province CoPower Inc
Cornerstone Capital Group
Creation Investments Capital Management, LLC
CRF for Local Government
Dana Investment Advisors
Danske Bank Asset Management
Daughters of Charity, Province of St. Louise
DBL Partners
Deutsche Asset Management
De Volksbank
de Volksbank N.V.
Developing World Markets
Dignity Health
Dominican Sisters of Sparkill
Dominican Sisters of Springfield, IL
Dundas Global Investors
Earth Capital Partners
Echo Foundation
Ecofi Investissements
Ecology Building Society
EdenTree Investment Management
Edmond de Rothschild Asset Management
EGAMO
Encourage Capital
Energy Power Partners
Environment Agency Pension Fund
Epic Capital Wealth Management
Episcopal Church Investment Group
ERAFP

ESG Moneta Co., Ltd.
Essex Investment Management, LLC ESSSuper
Ethos Foundation Switzerland
Eurazeo
Eurazeo PME
Evanston Capital Management, LLC Everence and the Praxis Mutual Funds
FFI
Figure 8 Investment Strategies
First Affirmative Financial Network
FMO N.V.
FnB Private Equity
Fondo pensione Pegaso
Fonds de Réserve pour les Retraites
Första AP-fonden (AP1)
Friends Fiduciary Corporation
Frontier Advisors
Generate Capital
Generation Investment Management LLP GEROA PENTSIOAK EPSV
George Gund Foundation
Global Challenges Foundation Gloucestershire County Council LGPS Fund Goodyields Capital GmbH
Greater Manchester Pension Fund
Green Century Capital Management Greencape Capital
Grupo Financiero Banorte S.A.B. de C.V. Handelsbanken Asset Management Henderson Global Investors
Hermes Investment Management
HESTA
Hewlett Foundation
Hexavest
HQ Capital
HSBC Bank Pension Trust (UK) Limited

HSBC Global Asset Management
IBVM Canadian Province (Loretto Sisters)
ICCR (Interfaith Center on Corporate Responsibility)
IFM Investors
Impact Investors
ImpactAssets
Impax Asset Management
Industriens Pension
Inflection Point Capital Management
Insight Investment
Instructional Telecommunications Foundation, Inc. Interamerican Insurance Group
Investec Asset Management
Investisseurs et Partenaires
Ircantec
Ivey Foundation
JSA Financial Group
Jupiter Asset Management
KBI Global Investors
Kaete Investimentos
Kempen Capital Management
KEPLER-FONDS KAG
Keva
KLP
Lacan Investimentos
Lægernes Pension
Länsförsäkringar AB
Länsförsäkringar Sak Försäkringsaktiebolag
Legal & General Investment Management
Legato Capital Management
Local Authority Pension Fund Forum
Local Government Super
London Pensions Fund Authority
LUCRF Super (Labour Union Co-operative Retirement Fund) M&G Investments
Macroclimate LLC
MAIF

Manulife
Marguerite Adviser SA
Marshall Street Management
Maryland State Treasurer’s Office
MBO Partenaires
Mellon Capital Management
Mennonite Education Agency
Mercer Investments
Merck Family Fund
Mercy Health
Mercy Investment Services
Methodist Church in Ireland
MFS Investment Management
Miller/Howard Investments, Inc.
Mirova
Mistra The Swedish Foundation for Strategic Environmental Research MN
MP Pension – Pensionskassen for Magistre & Psykologer
MPC Renewable Energies GmbH
Munich Re (Group)

Nanuk Asset Management Pty Ltd
National Association of Analysts and Investment Professionals in Capital Markets – Apimec

Natixis Asset Management
Natural Investments
NEI Investments
Neumeier Poma Investment Counsel, LLC New York City Comptroller

New York State Comptroller NewQuest Capital Partners Newton Investment Management NN Investment Partners

Nordea Wealth Management nordIX AG
North East Scotland Pension Fund NorthEdge Capital LLP

Northern Ireland Local Government Officers’ Superannuation Committee 8

NorthStar Asset Management, Inc.
Northwest Coalition for Responsible Investment
OceanRock Investments, a wholly-owned subsidiary of Qtrade Financial Group OFI AM
Öhman Fonder
Ontario Pension Board
Ontario Teachers’ Pension Plan
OP Wealth Management
OPTrust
Oregon State Treasurer
Osmosis Investment Management
Ownership Capital
P+ (DIP/JØP)
PAI Partners
Pædagogernes Pension, PBU
Palisade Investment Partners
Parametric Portfolio Associates
Park Foundation
Partners Group
Paul Hamlyn Foundation
Pax World Funds
Pegasus Capital Advisors, L.P.
PenSam
Pensioenfonds Metaal en Techniek (PMT)
Pensioenfonds Metalektro (PME)
Pension Plan of The United Church of Canada
PensionDanmark
Pensions Caixa 30 CaixaBank Employee
Performa Investimentos
Permian Global
PFA Pension
Phenix Capital
PKA Pension
Pictet Asset Management
Plater Trust
Priests of the Sacred Heart, US Province
Progressive Investment Management

Province of St. Joseph of the Capuchin Order Pyrford International Ltd
Quoniam Asset Management GmbH Raiffeisen Capital Management

RAM Active Investments
Rathbone Greenbank Investments
Red Mountain Capital Partners
Régime de retraite de l’Université de Montréal
Region VI Coalition for Responsible Investment
REI Super
Reynders, McVeigh Capital Management, LLC
Richmond Global Compass Fund
Riverwater Partners LLC
Robeco
RobecoSAM
Robert and Patricia Switzer Foundation
Roche Brune AM
Rockefeller Asset Management
Rockefeller Brothers Fund
Sampension
Sarasin & Partners
School Sisters of Notre Dame Cooperative Investment Fund
School Sisters of St. Francis
Schroders
SCOR SE
Seamans Capital Management, LLC
Seattle City Employees’ Retirement System
SEB Investment Management
Seventh Generation Interfaith Coalition for Responsible Investement SHARE
SharePower Responsible Investing, Inc.
Sierra Club Foundation
Sisters of Bon Secours USA
Sisters of Charity of Cincinnati
Sisters of Instruction of the Child Jesus
Sisters of Saint Joseph of Chestnut Hill, Philadelphia, PA
Sisters of St. Dominic of Caldwell NJ

Sisters of St. Francis of Philadelphia
Sit Investment Associates, Inc.
Skoll Foundation
SKY Harbor Capital Management, LLC
Social Justice Committee of the UU Congregation at Shelter Rock Solaris Investment Managament

Sonen Capital
South Yorkshire Pensions Authority
Spiltan Fonder
Spoorwegpensioenfonds
Stafford Capital
Stance Capital
Standard Life Investments
Statewide Super
Steyler Ethik Bank
Stichting Bedrijfstakpensioenfonds voor de Bouwnijverheid Stichting Pensioenfonds voor de Woningcorporaties Stichting Personeelspensioenfonds APG
Storebrand
Strathclyde Pension Fund
Swedbank Robur
Swift Foundation
Sycomore AM
Terra Alpha Investments, LLC
The Atkinson Foundation
The Catherine Donnelly Foundation
The Hampshire Companies
The John Merck Fund
The Joseph Rowntree Charitable Trust
The Laird Norton Family Foundation
The Lutheran Council of Great Britain
The McKnight Foundation
The Nathan Cummings Foundation
The Pension Boards-UCC, Inc.
The Russell Family Foundation
The Servite Friars UK & Ireland
The Sisters of St. Ann

The Sustainability Group of Loring, Wolcott & Coolidge The Tellus Mater Foundation
The United Church of Canada
TPT Retirement Solutions

Tri-State Coalition for Responsible Investment Tribe Impact Capital
Trillium Asset Management
Trilogy Global Advisors, LP

Trinity Health
Triodos Investment Management
True Green Capital Management LLC
Union Investment
Union Mutualiste Retraite
Unipol Gruppo
UNISON Staff Pension Scheme
Unitarian Universalist Association
Unitarian Universalist Service Committee (UUSC) United Nations Foundation
Universities Superannuation Scheme – USS
University of Toronto Asset Management Corporation Vancity Investment Management Ltd.
VBV – Vorsorgekasse AG
Veris Wealth Partners
Veritas Pension Insurance Company
VicSuper Pty Ltd
VidaCaixa
Vision Super Pty Ltd
Volksbank Vorarlberg e. Gen.
WaveCrest Wealth Management
WaveStone Capital
Wermuth Asset Management GmbH

Wespath Benefits and Investments West Midlands Pension Fund Wetherby Asset Management WHEB Asset Management Wilbanks Partners llc

World Resources Institute (WRI)
Zevin Asset Management Zürcher Kantonalbank Zurich Insurance Group

 

 

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