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

    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:

    Acadian Asset Management, LLC
    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
    Allianz Global Investors
    Alphinity Investment Management
    Alquity Investment Management Limited Amalgamated Bank

    AMP Capital
    Andra AP-fonden (AP2)
    AP3 Third Swedish National Pension Fund
    AP4 Fourth Swedish National Pension Fund
    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
    Australian Council of Superannuation Investors
    Australian Ethical Investment Ltd
    Avanz Capital
    Avaron Asset Management
    Aviva Investors
    Aviva plc
    Avon Pension Fund
    AXA Group
    AXA IM
    Baillie Gifford
    Baldwin Brothers Inc
    Banco de Crédito Cooperativo-Grupo Cooperativo Cajamar Bankhaus Schelhammer & Schattera
    Barings LLC
    Bayerische Versorgungskammer
    BBC Pension Trust Ltd
    Bedfordshire Pension Fund
    BMO Global Asset Management

    BNP Paribas Asset Management
    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

    Calvert Foundation
    Calvert Research and Management
    Candriam Investors Group
    Capri Investment Group
    Capricorn Investment Group
    Cathay Financial Holding Co., Ltd.
    Catholic Super
    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
    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
    Encourage Capital
    Energy Power Partners
    Environment Agency Pension Fund
    Epic Capital Wealth Management
    Episcopal Church Investment Group

    ESG Moneta Co., Ltd.
    Essex Investment Management, LLC ESSSuper
    Ethos Foundation Switzerland
    Eurazeo PME
    Evanston Capital Management, LLC Everence and the Praxis Mutual Funds
    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
    Hewlett Foundation
    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
    Impax Asset Management
    Industriens Pension
    Inflection Point Capital Management
    Insight Investment
    Instructional Telecommunications Foundation, Inc. Interamerican Insurance Group
    Investec Asset Management
    Investisseurs et Partenaires
    Ivey Foundation
    JSA Financial Group
    Jupiter Asset Management
    KBI Global Investors
    Kaete Investimentos
    Kempen Capital Management
    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

    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.
    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
    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.
    Pensioenfonds Metaal en Techniek (PMT)
    Pensioenfonds Metalektro (PME)
    Pension Plan of The United Church of Canada
    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
    Robert and Patricia Switzer Foundation
    Roche Brune AM
    Rockefeller Asset Management
    Rockefeller Brothers Fund
    Sarasin & Partners
    School Sisters of Notre Dame Cooperative Investment Fund
    School Sisters of St. Francis
    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
    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
    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
    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



    Glenn W. Leaper, PhD
    Glenn W. Leaper, PhD
    Glenn W. Leaper, Associate Editor and Political Risk Analyst with Nordic Business Media AB, completed his Ph.D. in Political and Critical Theory from Royal Holloway, University of London in 2015. He is involved with a number of initiatives, including political research, communications consulting (speechwriting), journalism and writing his first post-doctoral book. Glenn has an international background spanning the UK, France, Austria, Spain, Belgium and his native Denmark. He holds an MA in English and a BA in International Relations.

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