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Article

6 Feb 2018

Author:
Mindy Lubber, Forbes

We need 2018 to be the year of investor leadership on climate

...That’s why Ceres [Investor Network on Climate Risk and Sustainability] and six other organizations from around the world debuted The Investor Agenda...This comprehensive agenda provides a menu of options for investors to take in four key focus areas: Investment, Corporate Engagement, Investor Disclosure and Policy Advocacy.... We need what we call the Clean Trillion, an additional $1 trillion in investment per year in low-carbon energy, all while ratcheting down investment in high-carbon fossil fuels...

...Each and every investor should join the Climate Action 100+, the most ambitious investor initiative ever to engage the world’s largest corporate emitters to reduce emissions, strengthen climate-related financial disclosures and improve governance on climate change... And as investors engage companies around climate risk disclosure, we need them to embrace that disclosure themselves. The recommendations set forth by the Task Force for Climate Related Financial Disclosures (TCFD) are the perfect place to start, and The Investor Agenda urges investors and companies to swiftly adopt the TCFD...

...[I]nvestors must speak up on policy. Policy creates the market conditions that make climate action not only possible, but profitable...[refers to Bank of America, BlackRock, Citi, ExxonMobil, Fidelity, GMO, Goldman Sachs, JP Morgan, Norges Bank, Occidental Petroleum, PPL, State Street, & Vanguard]