UNEP United Nations Environment Programme [to 28 November 2015]
Selected Press Releases
Portfolio Decarbonization Coalition Overseeing Decarbonization of $230bn Assets under Management, Far above Target
UK, Dutch and French Investment Firms Join Coalition Ahead of COP21, with More to Follow
London/Geneva, 27 November 2015 – The Portfolio Decarbonization Coalition (PDC), which aims to support greenhouse gas emissions cuts by engaging institutional investors committed to decarbonizing their portfolios, is now overseeing the decarbonization of $230 billion in Assets Under Management (AUM), dramatically surpassing its target of $100 bn.
Hermes Investment Management in the UK, MN in the Netherlands, BNP Paribas Investment Partners, Humanis, and Caisse des Dépôts (CDC) in France today joined the coalition, bringing the number of members to 23, managing total assets of $2.2 trillion.
Announcements of new members are planned for COP 21, where 190 nations will convene in Paris with the aim of negotiating a universal agreement on climate. The new members will significantly increase the total commitments to decarbonization.
The increasing membership of the PDC is a clear signal that a growing number of leading investors are committed to reducing the carbon risks and impacts of their portfolios, and playing a key role in tackling climate change.
UNEP Executive Director Achim Steiner said, “The success of the PDC is a clear signal that more and more leading investors are recognizing the inherent risk that climate change poses to their portfolios. By aligning their portfolios with the low-carbon economy, they are playing a key role in the climate action the world wants to see. Exceeding the $100 billion target is a significant milestone, and I hope the leadership of the coalition members inspires other investors to join this great effort.”