Climate risk is financial risk, a reality acknowledged by investors, asset managers, businesses, and regulators across the globe. As institutional investors, we are concerned by the recent departures of several large asset managers from Climate Action 100+, an essential investor-led initiative improving corporate accountability on climate risks in our investment portfolios.
The authors of this statement are leading foundations committed to practicing and promoting the principles of impact investing – investing for measurable and positive social, economic, and environmental impact alongside financial returns. Read the full statement.