On the whole we feel it provides a good overview of the challenges facing the financial sector in aligning itself with a sustainable 2 degrees scenario for climate change.

On page 5 the report seems to indicate that protecting value is given as the main reason for fund managers not reallocating funds on the level needed. This is not a view we share. At SPP we see long term financial stability and value creation as a reason to make urgent changes rather than a reason not to. 

Access to reliable and updated ESG data is a real and pressing problem in our industry. It is not, as seems to be indicated, an excuse SPP uses for not acting on climate change...

We think that the report would be even better if there was a summary of constructive initiatives that investors are doing on climate change. There is after all a significant movement in the industry and we feel it is important to support this momentum.