FINANCING-Global-Investors

Identify and evaluate low carbon investment opportunities that meet our investment criteria andconsider investment vehicles that invest in low carbon assets subject to our risk and returnobjectives.Develop our capacity to assess the risks and opportunities presented by climate change andclimate policy to our investment portfolios, and integrate, where appropriate, this information intoour investment decisions.Work with the companies in which we invest to ensure that they are minimising and disclosingthe risks and maximising the opportunities presented by climate change and climate policy.Continue to report on the actions we have taken and the progress we have made in addressingclimate risk and investing in areas such as renewable energy, energy efficiency and climatechange adaptation.SCALING UP INVESTMENT: THE NEED FOR POLICY ACTIONWe call on governments to develop an ambitious global agreement on climate change by the end of2015. This would give investors the confidence to support and accelerate the investments in lowcarbon technologies, in energy efficiency and in climate change adaptation.Ultimately, in order to deliver real changes in investment flows, international policy commitmentsneed to be implemented into national laws and regulations. These policies must provide appropriateincentives to invest, be of adequate duration to improve certainty to investors in long-terminfrastructure investments and avoid retroactive impact on existing investments.We, therefore, call on governments to:Provide stable, reliable and economically meaningful carbon pricing that helps redirect investmentcommensurate with the scale of the climate change challenge.Strengthen regulatory support for energy efficiency and renewable energy, where this is neededto facilitate deployment.Support innovation in and deployment of low carbon technologies, including financing cleanenergy research and development.Develop plans to phase out subsidies for fossil fuels.Ensure that national adaptation strategies are structured to deliver investment.Consider the effect of unintended constraints from financial regulations on investments in lowcarbon technologies and in climate resilience.Developed by the following groups:ABOUT AIGCCThe Asia Investor Group on Climate Change (AIGCC) is an initiative set up by the Association forSustainable and Responsible Investment in Asia (ASrIA) to create awareness among Asia’s assetowners and financial institutions about the risks and opportunities associated with climate change

and low carbon investing. AIGCC provides capacity for investors to share best practice and tocollaborate on investment activity, credit analysis, risk management, engagement and policy. With astrong international profile and significant network, including pension, sovereign wealth fundsinsurance companies and fund managers, AIGCC represents the Asian voice in the evolving globaldiscussions on climate change and the transition to a greener economy. Visit http://aigcc.asria.org/.ABOUT INCRThe Investor Network on Climate Risk (INCR) is a North America- focused network of institutionalinvestors dedicated to addressing the financial risks and investment opportunities posed by climatechange and other sustainability challenges. INCR currently has more than 100 members representingover $13 trillion in assets. INCR is a project of Ceres, a nonprofit advocate for sustainability leadershipthat mobilises investors, companies and public interest groups to accelerate and expand theadoption of sustainable business practices and solutions to build a healthy global economy. Visitwww.ceres.org.ABOUT IGCCIGCC is a collaboration of 52 Australian and New Zealand institutional investors and advisors,managing approximately $1 trillion and focussing on the impact that climate change has on thefinancial value of investments. The IGCC aims to encourage government policies and investmentpractices that address the risks and opportunities of climate change, for the ultimate benefit ofsuperannuants and unit holders. Visit www.igcc.org.au.ABOUT PRIThe United Nations-supported Principles for Responsible Investment (PRI) Initiative is aninternational network of investors working together to put the six Principles for ResponsibleInvestment into practice. Its goal is to understand the implications of Environmental, Social andGovernance issues (ESG) for investors and support signatories to incorporate these issues into theirinvestment decision making and ownership practices. In implementing the Principles, signatoriescontribute to the development of a more sustainable global financial system. Visit www.unpri.org.ABOUT IIGCCThe Institutional Investors Group on Climate Change (IIGCC) is a forum for collaboration on climatechange for investors. IIGCC’s network includes over 90 members, with some of the largest pensionfunds and asset managers in Europe, representing €7.5trillion in assets. IIGCC’s mission is to provideinvestors a common voice to encourage public policies, investment practices and corporatebehaviour which address long-term risks and opportunities associated with climate change. Visitwww.iigcc.org.ABOUT UNEP FIUNEP FI is a global partnership between UNEP and the financial sector. Over 200 institutions,including banks, insurers and fund managers, work with UNEP to understand the impacts ofenvironmental and social considerations on financial performance. Through its Climate ChangeAdvisory Group (CCAG), UNEP FI aims to understand the roles, potentials and needs of the financesector in addressing climate change, and to advance the integration of climate change factors - bothrisks and opportunities – into financial decision-making.Visit www.unepfi.org.

ACKNOWLEDGMENTSThe sponsoring organisations thank CDP for its support of the statement. CDP is an international,not-for-profit organisation providing the only global system for companies and cities to measure,disclose, manage and share vital environmental information (www.cdp.net).2014 SIGNATORIESACA InvestmentsAchmeaAcorus Capital ACTIAMAddenda CapitalAegon Asset ManagementAllan Gray Australia Pty LtdAlliance Trust PLCAllianz Global InvestorsAllianz GroupALPHA BANKAltrinsic Global AdvisorsAMP CapitalAmundi Asset ManagementAndra AP-fonden AP2AP7Aperio GroupAPG Asset ManagementApollo InvestmentManagement LtdArcus FoundationArjuna CapitalArmstrong AssetManagementAs You SowASN BankAtkinson CharitableFoundationATP GroupAustralian EthicalInvestmentAustralianSuperAvaron Asset ManagementAviva InvestorsAXA GroupBank J. Safra Sarasin BankVontobel BatirenteBBC Pension Trust LtdBBVABC Government & ServiceEmployees’ UnionBritish Columbia InvestmentManagementCorporationBedfordshire Pension FundBlackRockBlumenthal FoundationBMS World MissionBNP Paribas INvestmentPartners Boardwalk CapitalManagementBon Secours Health System,Inc.Boston Common AssetManagement BostonProvident Partners, LPBpifranceBRAINERD FoundationBreckinridge CapitalAdvisorsBT Financial GroupBT Pension SchemeBullitt FoundationCA Catholic Congregationsfor Responsible InvestingCaisse des DépôtsCalifornia State ControllerCalPERSCalSTRSCalvert InvestmentsCanadian Labour Congress(CLC) Staff Pension PlanCandriam Investors GroupCapricorn InvestmentGroup, LLC CareSuperCathay Financial HoldingsCatholic Health InitiativesCatholic SuperannuationFund CBRE Global InvestorsCbus Superannaution FundCCLA InvestmentManagementCEICeladon CapitalCHE TrinityChristian BrothersInvestmentServices, Inc.Christian SuperChristopher ReynoldsFoundation ChurchCommissioners for EnglandChurch of England PensionsBoard Clean Yield AssetManagement ClearBridgeInvestmentsClimate Change CapitalColonial First State GlobalAsset ManagementCOMGESTCommonwealth FinancialGroup CompensationEmployees’ Union ComptonFoundation

Congregation of the PassionConnecticut RetirementPlans &Trust FundsCustodian and Allied PlcDaughters of Charity,Province of St LouiseDBL Investorsde Pury Pictet Turrettini &Cie S.A.Deutsche Asset & WealthManagement Dignity HealthDNBDomini Social InvestmentsLLC Dominican Sisters ofHopeDragon Capital GroupEarth Capital PartnersEco-Frontier Global CapitalEcoAlpha AssetManagement, LLCEdinburgh Partners LimitedEKO Asset ManagementPartners ElementInvestment ManagersEnvironmental InvestmentServicesAsia LimitedEnvironmental TechnologiesFund Epworth InvestmentManagement LtdEquilibrium Capital GroupERAFP (French publicservice additional pensionscheme)Essex InvestmentManagement, LLC EthosFoundation SwitzerlandEtica SGR S.p.A.Eureka Funds ManagementLimitedEvangelical LutheranFoundation of EasternCanadaEverence and the PraxisMutual FundsF&C InvestmentsFörsta AP-fonden (AP1)FEDERAL FINANCE GESTIONFEDERIS GESTION D’ACTIFSFerrostaal Capital GmbHFirst Affirmative FinancialNetworkFirstRand LtdFjärde AP-fonden (FourthSwedish National PensionFund)FolksamFONDS DE RESERVE POURLES RETRAITES (FRR)Fortius Funds ManagementFranciscan Friars (OFM),St. John the BaptistProvince, JPIC OfficeFranciscan Sisters ofPerpetualAdoration, Inc.Friends FiduciaryCorporationFSM Development BankGeneration InvestmentManagementGlasswaters FoundationGovernment EmployeesPension Fund(GEPF) of South AfricaGPTGreat Lakes Advisors –Disciplined Equity TeamGreater ManchesterPension FundGreen Century CapitalManagement GrosvenorFund ManagementGroupama AssetManagementHampshire CollegeHenderson Global InvestorsHermes Equity OwnershipServicesHermes Fund ManagersHermes Real EstateInvestmentManagementHESTAHgCapitalHumanisIFM InvestorsIL&FS INVESTMENTMANAGERS LIMITED IllinoisState Board of InvestmentImpax Asset ManagementInflection Point CapitalManagementING InvestmentManagement InternationalInsight InvestmentInstitute of the BlessedVirgin(Loretto Sisters)Investa CommercialProperty FundInvesta Property GroupIRCANTECIvey Foundation Jesuits inBritain Jonathan RoseJupiter Asset ManagementJustice Team of theCongregation ofSt. JosephKempen CapitalManagementKent County CouncilSuperannuation FundKleinwort Benson Investors

Klima INVEST GreenConcepts GmbH KLPKrull & CompanyLa Banque PostaleLaird Norton FamilyFoundationLand Bank of the PhilippinesLegal & General InvestmentManagementLocal Government SuperLocalTapiola AssetManagement LtdLombard OdierLoyalis Verzekerin en LUCRFSuper Macroclimate LLCMARGUERITE ADVISERMarshall StreetManagementMartin Currie InvestmentManagement MaryknollFathers and BrothersMaryknoll SistersMaryland Treasurer’s OfficeMatrix Asset ManagementInc.Mayfair Capital InvestmentManagementMennonite EducationAgencyMercerMerck Family FundMercy HealthMercy Investment ServicesMergence InvestmentManagers MerseysidePension FundMetcalf FoundationMiller/Investments, Inc.MirovaMirvacMission ResponsibilityThrough Investment,Presbyterian Church (U.S.A.)MissionPoint PartnersMitsubishi Corp. – UBSRealty Inc. MNMondrian InvestmentPartners Nanuk AssetManagementNathan CummingsFoundation Natixis AssetManagementNatural InvestmentsNedbank LimitedNEI InvestmentsNew England Province ofthe Society of JesusNew ForestsNew York City Comptroller’sOfficeNew York Province of theSociety of JesusNew York State ComptrollerNGS SuperNordea Asset ManagementNorthern Ireland LocalGovernment Officers’Superannuation Committee(NILGOSC)OceanRock Investments Inc.OFI ASSET MANAGEMENTOFI REIMOikocredit InternationalOld MutualOPSEU Pension TrustOregon State TreasuryPanahpurParnassus InvestmentsPax World Management LLCPennsylvania StateTreasurerPensioenfonds Metaal enTechniek (PMT)Pensioenfonds VervoerPensionDanmarkPensions Caixa 30Perpetual InvestmentsPGGMPictet Asset ManagementPioneer InvestmentsPKA A/SPlater TrustPlatina PartnersPlato InvestmentManagement LimitedPolden-Puckham CharitableFoundation PortfolioAdvisory Board,Adrian Dominican SistersPortfolio 21Presbyterian Church inCanada Presbyterian Churchin CanadaPension PlanProgressive AssetManagment, Inc. Provinceof St. Josephof the Capuchin OrderPrudential PortfolioManagers South AfricaQuakers in BritainRathbone InvestmentManagementREI SuperRobecoRockefeller AssetManagement RockefellerBrothers FundRothschild & Cie GestionGroup

Royal London AssetManagement RPMI RailpenRussell InvestmentsSAIL Capital Partners LLCSanlam InvestmentManagement SANTAM Ltd.Sarasin & PartnersSchrodersSEB InvestmentManagement Secomcorporate pension fundSentinel Sustainable FundsServite Friars РThe Provinceof the IslesShinhan BankSindicatum SustainableResources Group SinsinawaDominican ShareholderCommitteeSisters of Charity РHalifaxSisters of Charity of NewYorkSisters of Charity of SaintElizabethSisters of Instruction of theChild Jesus Sisters of SaintJoseph of BostonSisters of St UrsulaSisters of St. AnnSisters of St. Dominic ofCaldwell, NJSisters of St. Francis ofPhiladelphiaSisters of the GoodShepherd-Provinceof New YorkSisters of the Holy FamilySisters, Servants of theImmaculate Heartof Mary РLeadershipCouncilSociety of the Holy ChildJesus,American ProvinceSocrates Fund ManagementLtd. Solaris InvestmentManagementSompo Japan NipponkoaInsurance Inc.South Pole Carbon AssetManagement LtdSouth Yorkshire PensionsAuthoritySSM US/Caribbean ProvinceSt. Joseph Health SystemStafford Capital PartnersStafford TimberlandStandard BankStandard Life InvestmentsStatewideSuperStephen Whipp FinancialStichtingBedrijfstakpensioenfondsvoor de Bouwnijverheid(bpfBOUW)Stichting PensioenfondsABP StichtingPensioenfonds voor deWoningcorporatiesStichtingPersoneelspensioenfondsAPG Storebrand ASASura Per̼Swedbank Robur Fonder ABSwiss ReTellus Mater FoundationTemporis Capital LLPTerraVerde CapitalManagementThe Betsy and Jesse FinkFoundationThe Catherine DonnellyFoundationThe Central Finance Boardof theMethodist ChurchThe Church of SwedenThe Congregation of theSisters ofMercy of NewfoundlandThe Environment AgencyPension FundThe J.W. McConnell FamilyFoundationThe Joseph RowntreeCharitable TrustThe Link REITThe Lutheran Council ofGreat BritainThe Pensions TrustThe Skoll FoundationThe Sustainability Group ofLoring, Wolcott & CoolidgeTIAA Henderson Real EstateToronto Atmospheric FundTredje AP-fondenTrillium Asset Management,LLCTriodos InvestmentManagementUnion Investment AssetManagement HoldingUnipensionFondsmaeglerselskab A/SUniSuperUnitarian UniversalistAssociationUnited Church FundsUnited Church of Canada

United Nations Joint StaffPension FundUniversities SuperannuationScheme – USSUrsuline Sisters of Tildonk,U.S. ProvinceV. Kann RasmussenFoundationVancity InvestmentManagement Ltd. VerisWealth PartnersVicSuper Pty LtdVictorian Funds ManagementCorporationVision Super Pty LtdWalden Asset ManagementWashington State TreasurerWater Asset ManagementWespath InvestmentManagementWest Midlands PensionFundWHEBWilbanks Partners llcYouville Provident FundZevin Asset Management,LLC