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Climate change

Ardea joins investor statement on climate crisis

By Yasmine Masi21 October 2021

Ardea Investment Management has become a signatory to a joint global investor statement that implores governments to improve their efforts in addressing the climate crisis.

The Investor Agenda’s 2021 Global Investor Statement to Governments on the Climate Crisis has 587 investors as signatories that manage more than US$46 trillion in total assets, accounting for around 40% of global assets under management.

The signatories have agreed to a series of policy recommendations that must be implemented in order to manage climate risk and provide trillions of dollars to tackle the climate crisis.

The statement urges governments to raise their climate goals to limit global warming to no more than 1.5 degrees and implement impactful emissions reduction policies. It also calls for mandated climate-related financial reporting, consistent with the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD), and for COVID-19 economic recovery plans that support the transition to net-zero emissions by 2050 or sooner.

The statement also highlighted the benefits of nations committing to impactful climate policies for investment opportunities, with sustainable and responsible investing on the rise.

“… We believe that those who set ambitious targets in line with achieving net-zero emissions and implement consistent national climate policies in the short- to medium-term, will become more increasingly attractive investment destinations,” the 2021 Global Investor Statement read.

“Full implementation of the Paris Agreement will create significant investment opportunities in clean technologies, green infrastructure and other assets, products and services needed in this new economy.”

The statement opened for investors to sign on 1 March 2021 and will close just before the start of the 26th United Nations Climate Change Conference (COP26) in November 2021.

 

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