Global investors urge G7 to stand by Paris Agreement

Seventh Generation Interfaith and several of our members were among 200 institutional investors representing more than USD 15 trillion in assets who sent a letter urging the G7 heads of state to stand by their commitments to the Paris Agreement at their upcoming Summit in Taormina, Italy on May 26-27. These investors ask the world leaders to reiterate their support for and commitment to implement the Paris Agreement, including the delivery of their own Nationally Determined Contributions in full. A briefing paper for governments of the G7 and G20 nations was prepared by six investor organisations including the Asia Investor Group on Climate Change, CDP, Ceres, the Investor Group on Climate (IGCC, Australia/New Zealand), the Institutional Investor Group on Climate Change (IIGCC, Europe), and The Principles for Responsible Investment.

“With the US threatening to pull out of the Paris Climate Agreement next week, now is the time for investors to make their voices heard by encouraging governments to stand firm on their commitment to the Paris Agreement,” said Fiona Reynolds, managing director of the PRI. “Investors worldwide have come to understand the material financial risks around climate change. Certainly, at the PRI, our members have noted climate risks as their number one ESG concern.”