Investors appeal to G7


Long-term institutional investors representing more than USD 15 Trillion in assets have written to G7 heads of state urging governments to stand by their commitments to the Paris Agreement at their upcoming Summit in Taormina, Italy on May 26-27.

Mindy Lubber, CEO and President of the sustainability non-profit organization Ceres said: “Global investors are eager to open their wallets to a low-carbon future, but it won’t happen without clear, stable policy signals from countries worldwide – in particular, the US government whose waffling on the Paris Climate Agreement is hugely troubling.”

CEO of CDP Paul Simpson also added: ““The G7 must move swiftly to put in place the frameworks required to improve the availability, reliability and comparability of climate-related information, and to ensure carbon pricing signals which will drive the incorporation of climate risks and opportunities into financial assessments.”

The letter remains open for endorsement by more investors until 30 June 2017.