{"id":16912,"date":"2019-09-23T15:00:38","date_gmt":"2019-09-23T19:00:38","guid":{"rendered":"https:\/\/www.benefitscanada.com\/news\/caisse-among-asset-managers-committing-to-carbon-neutral-investment-portfolios-by-2050-136038"},"modified":"2019-09-23T15:00:38","modified_gmt":"2019-09-23T19:00:38","slug":"caisse-among-asset-managers-committing-to-carbon-neutral-investment-portfolios-by-2050","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2019\/09\/23\/caisse-among-asset-managers-committing-to-carbon-neutral-investment-portfolios-by-2050\/","title":{"rendered":"Caisse among asset managers committing to carbon-neutral investment portfolios by 2050"},"content":{"rendered":"\n
\n
<\/div>\n<\/p><\/div>\n

Staff<\/span> | September 23, 2019 <\/p>\n

An alliance of the world\u2019s largest pension funds and insurers responsible for more than US$2.4 trillion in investments is committing to carbon-neutral investment portfolios by 2050.<\/p>\n

The commitment was launched by the newly formed, United Nations-convened Net-Zero Asset Owner Alliance. It was introduced at the UN Climate Action Summit to strengthen commitments and accelerate the implementation of the Paris Agreement on Climate Change, noted a press release.<\/p>\n

Read: Global investors call for government action on climate change<\/a><\/strong><\/p>\n

The alliance\u2019s founding members include the Caisse de d\u00e9p\u00f4t et placement du Qu\u00e9bec, the California Public Employees\u2019 Retirement System and PensionDanmark.<\/p>\n

\u201cThe Net-Zero Alliance is the recognition that institutional investors collectively have an important role to play in fostering the energy transition the world needs,\u201d said Michael Sabia, chief executive officer of the Caisse. \u201cFor investors like CDPQ, there are so many opportunities to earn commercial returns by investing in low-carbon solutions and to work with portfolio companies to decarbonize. Combined with the necessary changes in public policies, investors\u2019 actions will induce real change in every sector.\u201d<\/p>\n

Inger Andersen, executive director of the United Nations Environment Programme, said there are no short-cuts to decisive climate action. \u201cWe need to take a long-term view. I applaud the leadership of the investors in this alliance. Their commitment sends a strong signal that financial markets and investors are listening to science, and moving us to a path of resilience and sustainability.\u201d<\/p>\n

Read: Half of companies in carbon-intensive sectors aren\u2019t considering climate risk: report<\/a><\/strong><\/p>\n

According to the release, the alliance\u2019s members will immediately engage with companies they invest in to ensure they decarbonize their business models. The members will hold themselves publicly accountable on progress by setting and  reporting on intermediate targets in line with the Paris Agreement.<\/p>\n

Read the full article at BenefitsCanada.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Staff | September 23, 2019 An alliance of the world\u2019s largest pension funds and insurers responsible for more than US$2.4 trillion in investments is committing to carbon-neutral investment portfolios by 2050. The commitment was launched by the...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/16912"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=16912"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/16912\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=16912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=16912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=16912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}