Stockholm (NordSIP) – One innovation to emerge from last week’s Principles for Responsible Investment conference in San Francisco was The Investor Agenda, an initiative to “reflect the full breadth and scale of global investor-led action on climate change” over time intended to “stimulate action” among institutional investors.
The Investor Agenda is backed by roughly 400 investors with €27.5 trillion in AUM between them, with its concept developed by the PRI, the IIGCC (Institutional Investors Group on Climate Change) and five other organisations. Investors subscribing to the agenda are required to participate across four “focus areas” – investment, corporate engagement, investor disclosure and policy advocacy.
The Investor Agenda “offers a clear path to scale up investor action,” according to United Nations Executive Secretary of the Framework Convention on Climate Change Patricia Espinosa. “It gives investors multiple opportunities to continue to demonstrate their willingness to become part of the transformation that will lead us to a more cleaner, greener, sustainable future for all.”
The platform reflects “the mounting urgency among the global investor community to address the greatest challenge of our time through measurable and transparent actions,” said IIGCC Chair and PKA CEO Peter Damgaard Jensen.
The Investor Agenda requires members to accelerate action critical to tackling climate change and the objectives of the Paris agreement.
Photo by Cody King from Pexels