Global Investor Statement to Governments on the Climate Crisis
Intesa Sanpaolo announces that its asset management companies - Eurizon Capital SGR, Fideuram Asset Management SGR and Fideuram Asset Management (Ireland) - have signed the Global Investor Statement to Governments on the Climate Crisis, sponsored by The Investor Agenda and network partners including UN PRI and IIGCC. The Group recognizes that policy mechanisms are essential to achieve a net zero emissions economy by 2050 or sooner, with interim targets in line with credible 1.5°C pathways.
In 2021 the Group decided to pursue the “Net Zero” target by 2050 through joining all the main Net-Zero Initiatives set by Unep FI. This sign-up represents a further step aimed at promoting a wide international cooperation on this issue.
The 2024 Global Investor Statement to Governments on the Climate Crisis is signed by 534 financial institutions managing more than USD $29 trillion in assets. It represents the most comprehensive statement to date, calling on governments to raise their climate ambition in line with the goal of limiting global temperature rise to 1.5°C. To achieve this goal, this statement calls for a whole-of-government approach across five critical policy groupings:
- enacting economy-wide public policies;
- implementing sectoral strategies, especially in high-emitting sectors;
- addressing nature, water and biodiversity-related challenges contributing to and stemming from the climate crisis;
- mandating climate-related disclosures across the financial system;
- facilitating further private investment into climate mitigation, resilience, and adaptation activities in emerging markets and developing economies.
Last updated 14 October 2024 at 09:46:57