GLOBAL - The United Nations Foundation and Ceres are to host hundreds of global institutional investors this week in a discussion aimed at moving forward the climate risk agenda.
Organisers said the objectives of the summit were to examine new scientific findings on climate risk and potential solutions.
Delegates would also assess the effect of potential capital inflows into energy efficiency and clean technology.
By bringing together over 400 institutional investors, US state treasurers and financial firms, the organisers said they hoped to share information on how each sector was building climate risk into their policies and strategies.
The UN Foundation and Ceres, an NGO committed to addressing sustainability through investment, said the summit would be an opportunity to consider prudent steps investors could take to address climate risk an opportunities.
This summit follows similar events in 2003 and 2005 which were attended by investors and managers representing trillions of dollars in assets.
A joint statement from the organisers commented on the previous summits: "The information they shared raised profound concerns about investor exposure to climate risk, the future security of investment assets, and the fiduciary duty to take prudent steps to address climate risk on behalf of shareholders and beneficiaries."
In November, Ceres coordinated the signature of a letter to congress by 30 pension funds and other leading investors, demanding the passage of a national energy bill for the expansion of clean energy, reduction of oil dependence and curbing of pollution causing global warming.
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