Wednesday, June 10, 2015

The Montreal Pledge: Institutional Investors Working Towards Decarbonization through Disclosure

The Montreal Pledge was launched in 2014 and it requires signatories to measure and disclose the carbon footprint of their investment portfolio on an annual basis. The ambitious goal of the initiative is to get investors worth a total of $3 trillion to make the pledge before the COP21 climate talks scheduled for Paris at the end of this year.

The Pledge was launched on September 25, 2014 at PRI in Person in Montréal and is supported by Principles for Responsible Investment (PRI) and the United Nations Environment Program Finance Initiative (UNEP FI).

The program is designed to enable investors (asset owners and investment managers) to formalize their commitment to the goals of the recently announced Portfolio Decarbonization Coalition (PDC).

The PDC is a multi-stakeholder initiative intended to drive greenhouse gas emissions reductions by mobilizing institutional investors to decarbonize their portfolios. Investors who sign-on to the Coalition are focused on disclosing their carbon footprints and decarbonizing.

Between September 2014 and December 2015 this community of institutional investors worth at least $500 billion will measure and disclose their carbon footprints. The Montreal Pledge is the delivery mechanism for this target. A second PDC goal is to assemble a coalition of investors who will commit to decarbonizing at least $100 billion in institutional investment in the same 14 month time frame.

More than 50 investors have already signed up to the Montréal Pledge.

Signatories to the Montreal Pledge in the order that they signed

Etablissement du Régime Additionnel de la Fonction Publique (ERAFP)
PGGM Investments
The Joseph Rowntree Charitable Trust
Environment Agency Pension Fund
Calvert Investments
Ownership Capital
Fonds de Réserve pour les Retraites (FRR)
Pensions Caixa 30
Öhman Fonder
Australian Ethical Investment
Stichting Pensioenfonds Werk en (re)Integratie (PWRI)
The Building Owners and Managers Association of Canada (BOMA Canada)
The Co-operators Group Limited
Central Finance Board of the Methodist Church
Epworth Investment Management Ltd
Alliance Trust
Plato Investment Management Limited
WHEB Listed Equities
University of California
Toronto Atmospheric Fund
Catholic Super
Swedbank Robur Fonder AB
Local Government Super, Australia
UCA Funds Management
Temporis Capital
Spark / IGNITE fund
Boston Common Asset Management
Mustard Capital Partners
Investisseurs et Partenaires
Corporate Knights
Rathbone Greenbank Investments
BNP Paribas Investment Partners
CNP Assurances
Caisse des Dépôts
Sparinvest SA
Stichting Pensioenfonds ABP
United Church of Canada
Sycomore Asset Management

Drivers of Green Investment Growth

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