The EU’s biggest investors are partly aligned with the Paris agreement’s climate target of keeping global warming well under 2°C but still invest too much in coal, the first ever such analysis, carried out by WWF, shows. Lack of disclosure on climate risk remains an element of concern that will have to be addressed by the upcoming G-20 Summit in Hamburg and the EU.
WWF: Biggest EU investors are partly aligned with Paris Agreement but more efforts needed
WWF’s report shows that 29 of Europe’s major asset owners, mainly pension funds, from the Netherlands, Denmark, Sweden, Norway and Finland have already implemented changes to bring their public equity portfolio more in line with the well under 2°C climate goal. Almost all of them have cut funding to coal mining; however many of them are investing too much in coal power and still lagging behind on renewable power.
For the full article and reports, please visit: WWF.eu