Climate needs response at SAA level
Investors should use the strategic asset allocation process to adjust their portfolios to plug the SDGs and climate finance gap, according to an expert panel at PRI in Person.
Investors should use the strategic asset allocation process to adjust their portfolios to plug the SDGs and climate finance gap, according to an expert panel at PRI in Person.
PRI has developed an Inevitable Policy Response (IPR) that lays out a realistic forecast of how governments will respond with policy to try and navigate climate risk by 2025.
At PRI in Person Sylvia van Waveren, director, active ownership at Robeco, and Adam Mathews, director of ethics and engagement at The Church of England’s Pensions Board sat down with Ben van Beurden, CEO of Royal Dutch Shell to chart their journey of dialogue and evolution that resulted in the oil giant setting carbon emissions targets linked to executive pay.
Governments and companies are compelled to protect human rights, but investors could do more to ensure they do, said an expert panel speaking on the role of finance in human rights at the PRI in Person in Paris.
It is difficult to see how the world will cap emissions in line with the Paris agreement unless asset owners drive change, aligning their portfolios to net zero and demanding more from their managers, delegates at PRI in Person heard.
In conversation with Eva Halvarsson, CEO of SEK 334 billion ($34 billion) Swedish buffer fund AP2 at PRI in Person in Paris, CFO of French multi-national food group Danone Cécile Cabanis, told delegates that the goal of the company is to contribute positively to all 17 Sustainable Development Goals.