New York City — Kicking off the 2018 Investor Summit on Climate Risk in New York City this week, Ceres CEO and President Mindy S. Lubber called on investors worldwide to accelerate and scale up actions that are necessary to curb climate change and achieve the goals of the Paris Agreement.
“Climate change presents perilous risks but also boundless opportunities,” Lubber said at a recent meeting of 450 investor, company, and capital market leaders. “With ambitious actions, like the ones laid out in The Investor Agenda, we can address those risks and seize those opportunities.”
The Investor Agenda -- developed by Asia Investor Group on Climate Change, CDP, Ceres, Investor Group on Climate Change, Institutional Investors Group on Climate Change, Principles for Responsible Investment and UNEP Finance Initiative -- challenges investors to step up climate action in four key focus areas including Investment, Corporate Engagement, Disclosure and Policy Advocacy. Examples of investor climate actions must include: shifting investments to low-carbon industries, engaging with companies to push for science-based emissions reduction targets, disclosing climate-based data and information and engaging with policy-makers and governments to ensure a smooth transition to a clean economy.
This week’s announcement follows a recent challenge from Summit co-chair Christiana Figueres at PRI in Person last year to push investors to dedicate at least 1 percent of their assets to climate-friendly clean technology and renewable energy investments by 2020. Last week, Summit co-chair Anand Mahindra challenged companies around the world to do more to decarbonize, including adopting science-based emissions targets.
The 2018 Global Climate Action Summit, hosted in San Francisco September 12 to 14, will bring together state and local governments, business, and citizens from around the world to showcase climate action taking place, thereby demonstrating how the tide has turned in the race against climate change and inspiring deeper national commitments in support of the Paris Agreement.
To prevent the climate from warming more than 2 degrees Celsius—the point of potentially catastrophic consequence—worldwide emissions must start trending down by 2020 and the Summit will play a key role in galvanizing the support necessary to make that happen
The Summit will showcase climate action around the world, along with bold new commitments, to give world leaders the confidence they can go even further by 2020, starting from when they meet at the United Nations COP24 in November.
For more information on this Summit challenge, and the Investor Summit generally, take a look at this Storify report.
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