Ostrum confirms its climate commitment again
Ostrum Asset Management has just signed the Global Investor Statement to Governments on Climate Change for the second time.
This initiative was instigated by the Investor Agenda1 and continues to pursue the same goal as it raises awareness on the threat of global warming for the world’s populations with the ensuing surge in violent natural disasters. It also highlights the importance of enhancing investor confidence to keep on investing in low carbon transition and restricting the global temperature rise to two degrees above pre-industrial levels.
This declaration and its signatories call on all governments – and particularly G7 and G20 nations – to implement the necessary political steps to achieve these goals, and also demand targeted climateto comply with the Paris agreement.
The Global Investor Statement to Governments on Climate Change fits with Ostrum’s commitment to the UN PRI2 and reflects its focus on financing the transition to a low carbon economy.
The statement calls on governments and does not target specific companies or seek to limit their investments, while the statement’s demand for a stronger commitment to promoting climate responsible investment paves the way for other potentially positive investment opportunities for Ostrum.
As of September 2018, the consortium has enabled investors , companies, political decision-makers and other stakeholders to identify participants who have pledged with their initiatives. Meanwhile, the main organization will publish investor signatories’ involvement in an annual report, along with the results obtained.
1 The Investor Agenda includes the Asia Investor Group on Climate Change, CDP, Ceres, Investor Group on Climate Change, IIGCC, PRI, UNEPFI
2 UN PRI: United Nations Principles for Responsible Investment