Investor groups representing $13 trillion in assets called on the U.S. and other governments to adopt strong national climate policies to help spark the necessary flows of private capital for achieving a low-carbon and sustainable global economy.
Meeting at the Investor Summit on Climate Risk held Jan. 14 at United Nations headquarters in New York, the groups also encouraged the mandatory disclosure of material climate-related risks in filings by all publicly traded companies, calling on “national regulators worldwide, including the U.S. Securities and Exchange Commission, to require companies to disclose to their investors material climate-related risks and the programs in place to manage those risks.”
The groups, which included the Investor Network on Climate Risk, the Institutional Investors Group on Climate Change, Investor Group on Climate Change and the U.N. Environment Programme Finance Initiative, called on themselves and their peers to ensure that they incorporate climate risks and opportunities into their due diligence, systems and valuations.
The groups also urged swift action on the part of policymakers to “provide clear and ambitious policy signals to attract international investment and be competitive in the global race to develop and transition to clean energy and other low-carbon technologies.”