<!-- Swiftype Variables -->


Global investors call on governments to back Paris Agreement, stronger climate change disclosure

A group of 415 global investors representing $32 trillion in assets called on governments around the world to do more to address climate change, including implementing actions called for in the Paris Agreement.

The investor group, including many of the world's largest pension funds and asset managers, noted in a statement Monday that while "investors are taking action on climate change" and a global shift to clean energy is underway, "much more needs to be done by governments to accelerate the low carbon transition and to improve the resilience of our economy, society and the financial system to climate risks."

Investors are making significant investments into the low carbon transition across a range of asset classes and incorporating climate change scenarios and climate risk management strategies into their investment processes,the group's statement said. "To build on this momentum and maintain investor confidence to further shift investment portfolios, it is vital that policymakers are firmly committed to achieving the goals of the Paris Agreement."

Government regulators like the Securities and Exchange Commission should also commit to improve climate-related financial reporting and implement the recommendations of the Financial Stability Board's Task Force on Climate-related Financial Disclosure no later than 2020, so that companies report "reliable and decision-useful climate-related financial information to price climate-related risks and opportunities effectively," the group said.