Lothian Pension Fund (LPF) urges governments to rapidly scale up their climate ambitions

Lothian Pension Fund is among a record number of signatories to a joint global investor statement calling on governments to urgently ramp up their efforts to address the climate crisis.

The Investor Agenda’s 2021 Global Investor Statement to Governments on the Climate Crisis contains the collective views of 587 investors from around the world, managing a total of more than USD46 trillion in assets, which is around 40 per cent of global assets under management. All 587 signatories have agreed to a set of policy recommendations that must be implemented swiftly to manage climate risk and channel trillions of dollars to address the climate crisis.

The 2021 Global Investor Statement urges governments to raise their climate ambition to limit global warming to no more than 1.5 degrees, implement meaningful emissions reduction policies, mandate climate-related financial reporting in line with the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD), and deliver COVID-19 economic recovery plans that support a just transition to net-zero emissions by 2050 or sooner.

The 2021 Global Investor Statement reads:

“...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 increasingly attractive investment destinations.

“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.”

LPF is committed to pursuing a climate resilient and prosperous future. Joining the 2021 Global Investor Statement continues LPF’s efforts to manage climate risk and pursue the enormous investment opportunities in the global net-zero emissions transition.

In their Statement of Responsible Investment Principles published earlier this year, LPF laid out their ambition to not provide new financing to companies or projects that are incompatible with the aims of the Paris agreements at the time of the fundraising.

David Vallery, CEO of Lothian Pension Fund, says: “By signing the 2021 Global Investment Statement to Governments we are joining the call for all governments to commit to ambitious climate policy action as we approach COP26. This collaborative engagement activity is aligned with our focus on real world decarbonisation.”

Author Profile