Investor Network On Climate Risk - Key Accomplishments

Key Accomplishments

• Convened 500 investors, Wall Street and corporate leaders from around the world at the United Nations headquarters in 2008 for the third Investor Summit on Climate Risk. The Summit explored the scale and urgency of climate change risks, as well as the economic opportunities of a global transition to a clean energy future.
• Launched a 9-point Action Plan, endorsed by nearly 50 leading U.S. and European investors, which calls for a series of specific steps by investors to address the growing risks and opportunities from climate change. The nine goals include policy actions aimed at the Securities and Exchange Commission (SEC) and Congress, engagement with companies to improve their disclosure and responses to climate change, minimizing climate investment risks and maximizing climate-related investment opportunities.
• INCR members have invested over $1.2 billion of their assets in renewable energy and other clean technology ventures in just 18 months. The investments cover such technologies as hydrogen fuel cells, ethanol, geothermal facilities and advanced materials.
• Persuaded more than two-dozen Fortune 500 companies to improve their climate policies, practices and disclosure, including leading oil, auto and insurance companies.
• Published research reports to help investors better understand the implications of global warming. Among those: A March 2008 toolkit, “Managing the Risks and Opportunities of Climate Change: A Practical Toolkit for Investors;” an August 2006 report, From Risk to Opportunity: How Insurers Can Proactively and Profitably Manage Climate Change; and a March 2006 report, Corporate Governance and Climate Change: Making the Connection, which analyzed how 100 of the world’s largest companies are addressing the business challenges of climate change.
• Established the Global Framework for Climate Risk Disclosure, a standardized set of guidelines for improving corporate disclosure on the risks and opportunities for climate change. The framework was developed in collaboration with investors worldwide.