All the latest from COP22

November 23, 2016

It’s more important than ever to create a global financial system that works for everyone. That’s why we were at COP22, the first meeting of The Paris Agreement.

While governments negotiated the rules of The Paris Agreement, we emphasised the importance of investor action, policy measures to support scaling up low-carbon investment, and the need for better company disclosure on climate change.

Highlights include:

  • We co-organised an investor event in collaboration with IIGCC, Ceres, UNEP FI, Carbon Tracker Initiative, IGCC and AIGCC: Beyond Paris – investor actions to manage climate risk and seize low-carbon opportunities.
  • We launched new guidance, Green equity investing, at a Chinese government event and formally announced a deforestation partnership with Ceres, and supported the launch of a UN Global Compact platform to mobilise business action to support The Paris Agreement.    
  • PRI signatories attending included: Allianz, Amundi, Aviva Investors, AXA Group, CCLA, CDC (France), Citi, Deutsche Asset Management, ERAFP, LGIM, Mn Services, New York State Comptroller’s Office and Standard & Poor Global Investors.
  • Our Managing Director Fiona Reynolds spoke at a Sustainable Stock Exchanges session, Fostering Green Capital Markets in the South. She called on exchanges to “support the FSB Task Force Disclosure Framework and promote green investment.” She also said that it is critical for investors to have consistent and reliable data and stock exchanges have a critical part to play in disclosure and transparency.

Looking forwards, the FSB Task Force on Climate-related Financial Disclosures – of which the PRI Chair is a part – will release draft recommendations on company disclosure on climate change on 14 December.  

We encourage signatories to consider whether the recommended disclosures will provide investors with the information they need.  

Feedback can be sent to Sagarika Chatterjee.