Climate Action 100+ Sign-on Statement and Investor Signatories

Climate Action 100+ is a collaborative five-year global initiative that requires investors to sign-on to a public statement (below) that sets out the commitment from investor signatories and expectations of the companies on the focus list. To date, 256 investors with USD $28 trillion in assets under management have signed on to the Climate Action 100+ Sign-on Statement.

Climate Action 100+ Sign-on Statement

Background

We, the institutional investors that are signatories to this statement, are aware of the risks climate change presents to our portfolios and asset values in the short, medium and long term. We therefore support the Paris Agreement and the need for the world to transition to a lower carbon economy consistent with a goal of keeping the increase in global average temperature to well below 2°Celsius above pre-industrial levels.

Through this initiative, we aim to fulfill the commitment made in the “2014/15 Global Investor Statement on Climate Change” which stated that “…as institutional investors and consistent with our fiduciary duty to our beneficiaries, we will work with the companies in which we invest to ensure that they are minimising and disclosing the risks and maximising the opportunities presented by climate change.”

Commitment

We believe that engaging and working with the companies in which we invest – to communicate the need for greater disclosure around climate change risk and company strategies aligned with the Paris Agreement – is consistent with our fiduciary duty and will contribute to achieving the goals of the Paris Agreement.

The initiative aims to secure commitments from the boards and senior management to:

  1. Implement a strong governance framework which clearly articulates the board’s accountability and oversight of climate change risk and opportunities.
  2. Take action to reduce greenhouse gas emissions across their value chain, consistent with the Paris Agreement’s goal of limiting global average temperature increase to well below 2-degrees Celsius above pre-industrial levels.
  3. Provide enhanced corporate disclosure in line with the final recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) and sector-specific Global Investor Coalition on Climate Change Investor Expectations on Climate Change* (when applicable) to enable investors to assess the robustness of companies’ business plans against a range of climate scenarios, including well below  2-degrees Celsius scenario, and to improve investment decision-making.

Working through partner organisations, Asia Investor Group on Climate Change (AIGCC); Ceres; Investor Group on Climate Change (IGCC); Institutional Investors Group on Climate Change (IIGCC); and Principles for Responsible Investment (PRI), we will together monitor the progress that companies make towards these goals. We are committed to working collaboratively through this initiative, using a range of engagement approaches to ensure fulfilment of the above-mentioned goals.

*Global Investor Coalition on Climate Change is a joint initiative of four partner organisations that represent investors on climate change and the transition to a low carbon economy: AIGCC (Asia), Ceres (North America), IGCC (Australia/NZ), and IIGCC (Europe). The existing GIC Investor Expectations sector guides cover oil and gas, mining, utilities and auto manufacturers. They provide additional sector-specific disclosure recommendations, particularly regarding the oversight of public policy positions. The series will cover steel, chemicals and cement by Q2 2018.

Investor Signatories

Aargauische Pensionskasse (APK)
ABP
AbredeenStandard
Achmea
Achmea Investment Management
ACTIAM
Addenda Capital
Aegon
Aegon Asset Management
Æquo – Shareholder Engagement Services
AGF INVESTMENTS INC
Aktia Bank
Alecta
Allianz Global Investors
Allianz SE
Amherst College
AMP Capital
Amundi
AP1
AP2
AP3
AP4
AP7
APG
As You Sow
ASABRI
ASR Nederland N.V.
Asset Management One Co., Ltd.
ATP
Ausbil Investment Management Limited
Australian Ethical Investment
AustralianSuper
Avaron Asset Management
Aviva Investors
Avon Pension Fund
AXA Group
AXA Investment Manager
Bailard, Inc.
Baldwin Brothers Inc.
BBC Pension Trust Ltd
BMO Global Asset Management
BNP Paribas Asset Management
Boston Common Asset Management
Boston Trust/Walden Asset Management
BPL Pensioen
Brawn Capital Limited
Breckinridge Capital Advisors
British Columbia Investment Management Corporation
British Columbia Municipal Pension Board of Trustees
Brunel Pension Partnership
BT Financial Group
Caisse de Depot et Placement du Québec
Caisse de Pensions de l’Etat de Vaud (CPEV)
Caisse De Pensions ECA-RP
Caisse de Prévoyance des Interprètes de Conférence (CPIC)
Caisse des Dépôts
Caisse Intercommunale de Pensions (CIP)
CalPERS
CalSTRS
Calvert
Candriam Investors Group
CAP Prévoyance
Cathay Life Insurance Co., Ltd.
Cathay Securities Investment Trust Co., Ltd.
Cbus
CCAP Caisse Cantonale d’Assurance Populaire
CCLA
Central Finance Board of the Methodist Church
Christian Brothers Investment Services
Christopher Reynolds Foundation
Church Comissioners for England
Church of England Pensions Board
Church of Sweden Asset Management
CIEPP – Caisse Inter-Entreprises de Prévoyance Professionnelle
CNP Assurances
Colonial First State Global Asset Management
Comgest
Committee on Mission Responsibility Through Investment of the Presbyterian Church U.S.A.
Connecticut Retirement Plans & Trusts
Core Capital Management, LLC
CtW Investment Group
Dana Investment Advisors
de Pury Pictet Turrettini & Cie
Deutsche Asset Management
DNB Asset Management
Domini Impact Investments LLC
Earth Capital
Ecofi Investissements
Elo Mutual Pension Insurance Company
Environment Agency Pension Fund
ERAFP
Erste Asset Management GmbH
Essex Investment Management, LLC
Etablissement Cantonal d’Assurance (ECA VAUD)
Ethos Foundation
Evli Bank Plc
Federal Finance Gestion
First State Super
Folksam
Friends Fiduciary Corporation
FRR
GAM Investments
Greater Manchester Pension Fund
Green Century
Greentech Capital Advisors
Handelsbanken
Hannon Armstrong
Hermes Equity Ownership Services
Hermes Investment Management
HESTA
HSBC Global Asset Management
Humanis
IFM Investors
Ilmarinen Mutual Pension Insurance Company
Industriens Pension
Insight Investment
Investec Asset Management
Ircantec
Ireland Strategic Investment Fund
Janus Henderson Investors
JCP Investment Partners
Kames Capital
KBI Global Investors
Kempen
Kirkon Eläkerahasto
La Francaise Group
Lægernes Pension
Länsförsäkringar AB
LAPFF
Legal & General Investment Management
Local Government Super
Local Pensions Partnership Investments Ltd
LocalTapiola Asset Management Ltd
London Pensions Fund Authority
M&G Investments
Makalani Management Company (Pty) Limited
Manulife Asset Management
Maryland State Retirement and Pension System
Meeschaert Asset Management
Mercy Investment Services
Merseyside Pension Fund
Miller/Howard Investments, Inc.
Mirabaud Asset Management
Mirova
MN
Morphic Asset Management
MP Investment Management A/S
MPC Renewable Energies
Natixis Asset Management
NEI Investments
Nest Sammelstiftung
Neuberger Berman
New Alternatives Fund
New York City Pension Funds
New York State Common Retirement Fund
New Zealand Superannuation Fund
Newton Investment Management
NN Investment Partners
Nordea Asset Management
North East Scotland Pension Fund
Northern Ireland Local Government Officers’ Superannuation Committee
Northern Pool
Northern Trust Asset Manaagement
Nova Scotia Pension Services Corporation
Nykredit
ODDO BHF ASSET MANAGEMENT
OFI Asset Management
Öhman
Ontario Teachers’ Pension Plan
OP Wealth Management
OPTrust
Oregon State Treasurer
Pax World Management LLC
Pegaso  Fondo Pensione
PenSam
PensionDanmark
Pensionskasse Caritas
Pensionskasse der Stadt Winterthur
Pensionskasse Unia
PFA
PGB Pension Services
PGGM
Pictet Asset Management
PIMCO
PKA
Plato Investment Management Limited
Prévoyance Santé Valais (PRESV)
Prévoyance.ne
Profelia Fondation de Prévoyance
Progressive Investment Management
Prosperita Stiftung Für die Berufliche Vorsorge
Provident Fund
Pyrford International Ltd
Raiffeisen Capital Management
Rathbone Greenbank Investments
Retraites Populaires
Reynders, McVeigh Capital Management
Richmond Global Compass
Robeco
RobecoSAM
Rockefeller Asset Management
RPMI Railpen
Ruffer LLP
Sampension
San Francisco Employees’ Retirement System
Sarasin & Partners LLP
Schroders
Seattle City Employees’ Retirement System
SEB Investment Management
SEIU Master Trust
Shareholder Association for Research & Education
Sierra Club Foundation
Sisters of St. Dominic of Caldwell
Skandia
Skoll Foundation
Solaris Investment Management
Sompo Japan Nipponkoa Asset Management
South Yorkshire Pensions Authority
Sparinvest
SPF Beheer
Stance Capital
Stichting Pensioenfonds Openbaar Vervoer (SPOV)
Stichting Spoorwegpensioenfonds
Stiftung Abendrot
Storebrand Asset Management
Strathclyde Pension Fund
Sumitomo Mitsui Trust Bank
Swell Asset Management
Terra Alpha Investments
The Joseph Rowntree Charitable Trust
The McKnight Foundation
The Representative Church Body of the Church of Ireland
The Sustainability Group of Loring, Wolcott & Coolidge
TPT Retirement Solutions
Transport for London Pension Fund
Trillium Asset Management, LLC
Tri-State Coalition
Trusteam Finance
Tundra Fonder
UBS Asset Management
Unigestion
Union Investment
Unitarian Universalist Association
United Church Funds
University of Toronto Asset Management Corporation on behalf of the University of Toronto
UNJSPF
USS
Vancity Investment Management Ltd.
Veris Wealth Partners
Veritas Pension Insurance Co
VERKA VK Kirchliche Vorsorge VVaG
Vermont Pension Investment Committee
Vermont State Treasurer’s Office
VicSuper
Vision Super Pty Ltd
Washington State Investment Board
Water Asset Management
WaveCrest Wealth Management
Wespath Investment Management
West Midlands Pension Fund
West Yorkshire Pension Fund
Zevin Asset Management

Additional investors are encouraged to sign up for the initiative by contacting the Implementation Working Group co-ordinators Oliver Grayer or Ben Pincombe at info@climateaction100.org. and/or working through the coordinating partner organisation in their respective region.