Over 400 investors have banded together to urge all world governments to “get climate policy right”, warning that trillions of dollars in investment will be jeopardised if they drag their feet.
Exactly 457 investors managing more than US$41 trillion in assets have released the joint “2021 global investor statement to governments on the climate crisis”, calling for climate-related financial reporting to not only be improved, but also mandatory.
“We believe that those who set ambitious targets in line with achieving net-zero emissions, and implement consistent national climate policies in the short-to-medium term, will become increasingly attractive investment destinations,” the statement, developed by the seven founding partners of The Investor Agenda, read.
“Full implementation of the Paris Agreement will create significant investment opportunities in clean technologies, green infrastructure and other assets, products and services needed in this new economy.”
The statement outlines five “priority actions” for governments to undertake prior to the United Nations Climate Conference of the Parties (COP26) this November, including:
The statement will remain open for more investors to sign until COP26.
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