ACTIAM Takes New Step to Address Climate Change

7 March, 2018

Original source: ACTIAM

By joining the Institutional Investors Group on Climate Change (IIGCC) – a cooperation between investors on climate change- ACTIAM takes a new step to address climate change. Via IIGCC investors can optimize their impact and cooperate with investee companies and policy makers at the same time.

 

Joining forces

 

By joining the IIGCC, ACTIAM can work more effectively and efficiently on engagement. By partnerships and sharing expertise more insights are gained on climate-related risks and opportunities. Joining the IIGCC is one of the many ways ACTIAM complies a.o. with the recommendation that investors should work more together to address climate-related risks as stated in the recently published report ‘De Nederlandse financiële sector veilig achter de dijken? Een nadere verkenning naar klimaatgerelateerde financiële risico's.’ by De Nederlandsche Bank (DNB). Via scenario analyses ACTIAM aims to receive additional information on the risks of climate change. This is also one of the priorities of IIGCC. In their report from June 2017, The Task Force on Climate-related Financial Disclosures (TCFD) recommended the use of scenario analyses for determining climate risks. The TCFD focuses on four components: governance, strategy, risk management and risk standards. These recommendations apply to both investee companies as for investors itself.

 

Hans van Houwelingen, CEO of ACTIAM argues:

"Climate is one of the focus themes of ACTIAM. We would like to contribute to a better world in the long-term. Therefore, we are committed to the Paris Climate Agreement and critically review our investments. Our investments should contribute to the transition to a low-carbon economy and mitigate risk on behalf of our clients. We also aim to lower our carbon footprint with the help of the various resources we have at our disposal as investor.”

 

About IIGCC

 

 The Institutional Investors Group on Climate Change (IIGCC) is a forum for investors to collaborate on climate change. IIGCC’s mission is to mobilise capital for the low carbon future by amplifying the investor voice and collaborating with business, policymakers and investors. IIGCC provides investors with a collaborative platform to encourage public policies, investment practices and corporate behaviour that address long-term risks and opportunities associated with climate change.

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