The IPCC recently released the first part of its sixth assessment report and outlined unprecedented changes in the climate, with some being irreversible. Institutional investors are magnifying the report’s findings and calling for change.

Victoria Barron, head of sustainable investment at BT Pension Scheme Management, noted that “If this report doesn’t convince all global investors that they need to take action on climate change, I don’t know what will.” BT Pension Scheme is the largest corporate pension fund in the UK and has set a 2035 for achieving net-zero emissions.

Eoin Murray, investment head at the International Business of Federated Hermes, said “the most important piece of the latest IPCC report must be that we are today in our last decade to take the necessary actions to avoid the horrors of predicted climate change, and that it is still within our gift to make the required changes.”

Michael Urban and Christopher Kaminker of Lombard Odier stated that the report, “unequivocally strengthens the scientific evidence on the risks as well as the opportunities associated with the climate transition.”

Source: https://www.ipe.com/news/institutional-investors-say-6th-ipcc-report-must-spur-more-action/10054414.article