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Canadians require a livable planet on which to retire, and climatescientists and energy modellers are clear that limiting global temperature increase to 1.5℃ It should be obvious that achieving this mandate is dependent on stabilizing global temperatures at relatively safe levels. CPPIB appears to have flunked this test.
Aegon’s work in this area is still evolving, and its monitoring of asset managers on responsible investment will likely start to include policy engagement, reflecting limitations to shareholder engagement on tackling climatechange. “You can’t diversify away from a systemic risk like climatechange,” said Chew. “We
In Interlaken, Switzerland, governments conducted the painstaking business of approving the key messages for policymakers of the latest Synthesis Report from the Intergovernmental Panel on ClimateChange (IPCC), aka the world’s foremost climatescientists. In Canada and Europe, the emphasis is on transition.
For sustainable tech to be possible, funders, including investors, philanthropists, and foundations, must develop a two-pronged approach of intentional investments in those leading justice-centered approaches to technological and economic transitions and informed divestments from extractive and fossil-fuel-dependent systems and enterprises.
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