The Institutional Investors Group on Climate Change (IIGCC), a collaboration between pension funds and other institutional investors representing £1,000 billion in assets, together with the Carbon Trust, a UK-government-funded body that helps companies cut harmful emissions, mandated Mercer Investment Consulting to prepare a guide for pension funds on tackling climate change risk. The final report, called “A Climate for Change: A Trustee’s Guide to Understanding and Addressing Climate Risk” , was published on August 8th, 2005.
Jane Ambachtsheer, the report’s author from Mercer Investment Consulting wrote: “It is increasingly clear that long-term asset performance can be affected by climate change, either directly or by public policy initiatives. The stumbling block has often been what trustees can do about it. This report has been designed to overcome the issue, by providing a step-by-step toolkit for trustees seeking to address climate risk.”
Ethos and Climate Change
As a member of the IIGCC, ethos publishes a statement composed of three sections:
- Conclusions of the report “A Climate for Change: A Trustee’s Guide to Understanding and Addressing Climate Risk”,
- Ethos’ approach to climate change in its investment process and through the exercise of shareholder voting right,
- A brief look at Swiss companies and climate change.
