Investor participation in Climate Action 100+ has continued to see strong growth. Over 20 new investor signatories have joined the initiative since the start of 2020 alone. Combined with additional growth in the latter part of last year, over 450 investors are now signatories to the initiative. A full list of investors can be found here.
The method for calculating estimated assets under management (AUM), represented by signatories has in turn been strengthened to better reflect the scale and growth of the initiative. The estimate provided avoids duplication of assets reported by both asset owners and their appointed asset managers, where they happen to both be signatories to the initiative. Assets under management across the initiative based on this new methodology stand at over USD $40 trillion.
ABOUT CLIMATE ACTION 100+
Climate Action 100+ is an investor initiative to ensure the world’s largest corporate greenhouse gas emitters take necessary action on climate change. More than 450 investors with more than $40 trillion in assets collectively under management are engaging companies on improving governance, curbing emissions and strengthening climate-related financial disclosures. The companies include 100 ‘systemically important emitters’, accounting for two-thirds of annual global industrial emissions, alongside more than 60 others with significant opportunity to drive the clean energy transition.
Launched in December 2017, Climate Action 100+ is coordinated by five partner organisations: Asia Investor Group on Climate Change (AIGCC); Ceres (Ceres); Investor Group on Climate Change (IGCC); Institutional Investors Group on Climate Change (IIGCC) and Principles for Responsible Investment (PRI). These organisations, along with five investor representatives from AustralianSuper, California Public Employees’ Retirement System (CalPERS), HSBC Global Asset Management, Ircantec and Sumitomo Mitsui Trust Asset Management, form the global Steering Committee for the initiative. Follow us on Twitter: @ActOnClimate100.