Investors managing more than $34 trillion in assets, nearly half the world’s invested capital, are demanding urgent action from governments on climate change, reported Reuters.
“There is an ambition gap... This ambition gap is of great concern to investors and needs to be addressed, with urgency,” a statement from the investors in an open letter to the “governments of the world” seen by Reuters.
“It is vital for our long-term planning and asset allocation decisions that governments work closely with investors to incorporate Paris-aligned climate scenarios into their policy frameworks and energy transition pathways,” the statement said.
The investor letter was signed by the chief executives of the seven founding partners of The Investor Agenda, including the Institutional Investors Group on Climate Change and the United Nations–backed Principles for Responsible Investment.
