As Glasgow hosts the United Nations Climate Change Conference, COP26, RSM UK’s (2006) Retirement Benefit Scheme pension trustee has shown its commitment to tackling the climate change crisis by signing the Global Investor Statement.
The initiative is led by the IIGCC (Institutional Investors Group on Climate Change) and as at 5 November 2021 was supported by 587 investors, representing over USD $46 trillion in assets and around 40 per cent of global assets under management. It aims to encourage all countries to strengthen their Nationally Determined Contributions (NDCs) as outlined in the COP21 Paris Agreement to mitigate climate change and deliver a clear plan for zero emissions by 2050, if not sooner. It also urges governments to raise their climate ambition to limit global warming to no more than two degrees, implement meaningful emissions reduction policies and ensure that all Covid-19 recovery plans support the transition to net zero.
Karen Tasker, member nominated trustee director of The RSM UK (2006) Retirement Benefit Scheme said: ‘We believe this is the right thing to do for our members. As the world reaches this pivotal moment in the fight against climate change, more investors are now rightly looking to proactively manage climate risk in their portfolios. By signing this statement, we are demonstrating our support for this approach.’
We’re proud to add our name to the list of signatories but recognise this is far less than ‘job done’ in terms of what we should be doing. Signing up to the 2021 Global Investor Statement continues our efforts to manage climate risk and pursue the enormous investment opportunities in the global net-zero emissions transition.