Nov. 4, 2020 – The founding partner organizations of a major global initiative aimed at worldwide investor action on climate change are calling on the United States to rejoin the Paris Agreement following the country’s formal withdrawal from the global pact today. With 189 nations having ratified the landmark accord since 2015, the U.S. is the only country in the world to have formally withdrawn from it.
In a statement issued today by six of the founding partners of The Investor Agenda, including Asia Investor Group on Climate Change, CDP, Ceres, Investor Group on Climate Change, Institutional Investors Group on Climate Change, and Principles for Responsible Investment, they wrote:
“The United States must immediately rejoin the Paris Agreement, and all signatories to the Agreement must fulfil their obligations and step up their climate ambition in order to secure a sustainable global economic recovery and net-zero emissions future. Achieving its goals of limiting global temperature rise to no more than 1.5 degrees Celsius would curb the worst financial and economic impacts of climate change and enhance institutional investors’ ability to generate sustainable returns for their beneficiaries.”
The partners lead organizations that represent networks of hundreds of institutional investors in regions around the world. They, along with investors, strongly support the Paris Agreement because it provides an ambitious framework with clear obligations for all signatories to address the systemic risks of the climate crisis facing our economies and societies.