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Investment Managers Want Climate Action

Managers of some of the world's largest investment funds met on Thursday to ask federal agencies and fund managers to address climate change.

 As part of the Investor Summit on Climate Risk at the United Nations, the Investor Network on Climate Risk (INCR), outlined an action plan that supports carbon caps, sustainable real estate investments, and SEC regulations calling for corporate climate policy disclosure.

 Money talks in influencing policy, and the 60 institutional investors who are part of INCR have $4 trillion in assets to persuade companies and to lobby Congress. Group members expect carbon caps during the next administration, and developed the action plan to make it clear that "anyone who has money in the stock market has to understand that their funds are at risk from climate change."

 The action plan includes:

  1. Require that our asset managers, consultants, and financial advisors consider climate risks and opportunities.
  2. Invest capital in companies developing and deploying clean technologies.
  3.  Improve the energy performance of real estate portfolios and investments.
  4.  Urge comprehensive corporate responses to climate risks.
  5.  Help investors evaluate and address corporate climate risks.
  6. Expand climate risk scrutiny and collaboration by investors, stock market analysts, and others in the finance sector.
  7.  Push for guidance from the Securities and Exchange Commission (SEC).
  8.  Encourage companies and investors to support government action on climate policy.
  9.  Support policies to maximize energy efficiency.

 
Participants in the announcement include the treasurers of the states of California and Maryland, as well as the CFO of state of Florida.

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