Responsible Investor

Peter Dunscombe, chairman of the Institutional Investors Group on Climate Change (IIGCC) and head of investments at the BBC Pension Trust, said: “Investment decisions taken now will have a major effect on the world’s climate, making it imperative that investors step up their response to the climate challenge. The IIGCC’s report highlights that the investment community has come a long way in understanding and analysing the investment implications form climate change, but also that there is further room for progress from investors, companies and governments.”
Rory Sullivan, head of responsible investment at Insight Investment, said: “I think the report should be applauded

for its honesty. What it demonstrates is that, while we’ve seen a lot of good work, for example in investors encouraging better climate change reporting from companies, we’ve yet to see that translate into hard action such as climate change related investment mandates. The lack of clear public policy is clearly one dimension of the problem. However, you also have to ask why progress has been so slow given that – using the UK as an example – it has been eight years since the amendments to the Pensions Act and that these eight years have seen a huge amount of high-level discussion about how investors should be more responsible.”
Click here to link to the report

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