200 investors urge G7 to uphold climate commitments amid concerns that US may pull out of Paris agreement

Author: Attracta Mooney, Financial Times (UK), Published on: 8 May 2017

"200 large investors urge G7 to keep climate change promises", 8 May 2017

Calpers, Amundi and Schroders have teamed up with 200 other large investors to urge governments globally to stand by their commitment to fight climate change, as fears rise that Donald Trump, the US president, will pull out of the Paris agreement. The coalition of large investors that collectively oversee $15tn in assets have sent a letter to the G7 group of influential countries calling on their governments to uphold their promises to tackle climate change.The letter was sent in response to Mr Trump’s claim last month that he will soon decide on the future of the US’s commitment to the landmark 2015 Paris accord, where more than 190 countries agreed to limit temperature rises...Pension funds and asset managers are concerned they could lose money if different governments have inconsistent policies on climate change. In the letter, the investors said that “effective climate policy mechanisms” were vital for investors to make informed investment decisions...[Refers to AMP Group, Aviva Henderson, Global Investors (part of AMP Group), Schroders]

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Related companies: AMP Group Aviva Henderson Global Investors (part of AMP Group) Schroders