The Principles of Responsible Investing (PRI) launched the Montréal Carbon Pledge at its annual conference in Montréal in September 2014. The Pledge commits those that sign it to measuring and disclosing the carbon footprint of part or all of their equities portfolio. Measuring their carbon footprint helps investors better understand, quantify and manage climate change-related impacts, risk and opportunities.
The Pledge aims to attract US$3 trillion of portfolio commitment for COP21 in December 2015.
Today, there are 100 investor signatories to the Pledge.
There is a strong scientific case for urgent and long-term action on climate change: the IPCC’s 2014 Synthesis Report calls for fossil fuels to be phased out by 2100 and highlights that “limiting climate change would require substantial and sustained reductions in greenhouse gas emissions which, together with adaptation, can limit climate change risks”. There’s also ever-growing pressure – from governments, civil society and from the investment community – for companies and the investors that hold stakes in them to measure and reduce their carbon footprint. For example, almost 500 climate laws have been passed in at least 66 countries, with increasing pace in emerging markets.
By signing the Montréal Carbon Pledge, Candriam Investors Group commits to measure and publicly disclose the carbon footprint of its SRI equity investment portfolios on an annual basis.
For more information about the signatories of the Montréal Carbon Pledge, click here.