This article was originally published on Business Green.
“A coalition of major green investors backed by trillions of dollars of assets under management worldwide have joined growing calls for a green economic recovery from the Covid-19 pandemic, arguing governments “should not lose sight of the climate crisis” as they seek to restart their economies.
In a joint statement issues today, a raft of green investor organisations – including the Institutional Investors Group on Climate Change (IIGCC), the Asia Investment Group on Climate Change, CDP, and Ceres – argued economic stimulus efforts should accelerate the net zero transition.
Representing companies with trillions of dollars of assets under management between them, the groups said investors would be “critical to accelerating the recovery” to the global economic crash, and stressed that institutional investors should “take a long-term view of value and returns” beyond the current crisis.
…CDP’s CEO Paul Simpson said long term renewal packages should “accelerate our economy into one that is more resilient, inclusive, and zero carbon”.
“It must work in harmony with nature, and not take us back to the production and consumption we know are unsustainable and leave us exposed to increased risk of future crises,” he added.”
Read on at: Business Green