Climate change
Climate change is the highest priority ESG issue facing investors. The PRI is working to help investors protect portfolios from risks and to expose them to opportunities in the shift to a low-carbon global economy.
Initiatives
COP27, the annual UN climate conference, is taking place this year in Sharm el-Sheikh, Egypt. The conference represents what is likely to be the final opportunity to take global collective action on the climate crisis and achieve net zero emissions across the economy in line with the Paris Agreement.
Markets today have not adequately priced in the likely near term policy response to climate change. This leaves portfolios exposed to significant risk and investors need to act now to protect and enhance value. That’s why PRI have launched this project, to provide investors with a realistic forecasting tool to help navigate this complex and evolving landscape.
Getting started
An introduction to responsible investment: climate change for asset owners
This starter guide outlines the relevance of climate change to asset owners and suggests updates to investment processes, engagement and disclosures that are needed to reflect climate risk.
An introduction to responsible investment: climate metrics
This starter guide provides a succinct overview of a range of the climate metrics most commonly used and reported by investors.
Climate risk: An investor resource guide
This publication provides an overview of the many resources available to help investors manage climate risk. It includes short discussions of each of the four areas of climate risk management, links to key resources and many examples of investor disclosures.
A deeper dive
Climate change - Engagement guides
The PRI coordinates collaborative investor engagements on ESG issues, and climate change forms a major part of this work. Over many years we have facilitated corporate engagements on oil and gas, water risk resilience, and climate lobbying, amongst other topics. These reports set out the results achieved and the lessons learned, and act as guides for investors engaging on these or similar topics in future.
Climate change - Technical guides
The mobilisation of the investment industry to prevent, mitigate and adapt to climate change is one of the most complex challenges faced by finance professionals. These reports provide technical insights and practical examples of how it can be achieved, including a suite of recent work on implementing the recommendations of the Taskforce on Climate-related Financial Disclosures.
Climate change - Thought leadership and discussion papers
PRI’s ambitious thought leadership programme seeks to advance new topics for discussion in the industry and seek practitioners’ feedback, as well as advancing industry initiatives aimed at improving the data and disclosures available to investors on climate change.
More
Inside PRI data: asset owner action
This report analyses the responses of asset owner signatories who participated in PRI reporting in 2021. It covers asset owners’ top-level commitments, responsible investment policies, processes for selecting, appointing and monitoring managers, and climate-change strategies.
Climate reporting to the PRI
Since 2020, PRI signatories have been required to report to the PRI on several indicators regarding their management of risks and opportunities related to climate change.
- The PRI is an investor initiative in partnership with UNEP Finance Initiative and UN Global Compact.
- PRI Association, 25 Camperdown Street, London, E1 8DZ, UK
- Company no: 7207947
- +44 (0)20 3714 3141
- info@unpri.org