Stockholm (NordSIP) – At the beginning of July, the Net-Zero Asset Owner Alliance gained its 27th member, as the United Nations Joint Staff Pension Fund (UNJSPF) joined the international group of institutional investors committed to transitioning their investment portfolios to net-zero greenhouse gas (GHG) emissions by 2050.
“As a pension fund with long-term investment horizons and liabilities, UNJSPF is vulnerable to the financial impact resulting from both transition and physical risks caused by climate change. It is our fiduciary duty to protect the long-term financial interest of our beneficiaries,” the Office of Investment Management said in a statement.
“As codified in the Paris Climate Agreement and United Nations Sustainable Development Goals, we have a key role to play in catalyzing decarbonization of the global economy and investing in climate resilience,” it added.
The Fund also announced a commitment to implement the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).
“Collaboration with both initiatives will enhance our climate strategy to safeguard long-term returns by managing our investment portfolios in a climate-proof manner,” the UNJSF added.
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