‘Climate Finance Week’, a series of events held in Paris on 19-22 May in preparation for the COP21 in December, successfully showcased a number of activities to combat climate change being led by UNEP FI and partners. The Portfolio Decarbonization Coalition (PDC), a project co-founded by UNEP FI, has now been joined by the UK’s Environment Agency Pension Fund, Local Government Super (LGS) in Australia and the French pension fund for civil servants (ERAFP), bringing the total number of PDC members to 12. This means that the PDC is now overseeing the decarbonization of US$ 45bn AUM, well on its way to the target of US$ 100bn in AUM by COP 21. The news comes in the wake of the endorsement of the work of the PDC by the President of France, François Hollande.
Read the full press release about the new members of PDC.
Read President Hollande’s comments in full.
Read a summary of UNEP FI’s work during Climate Finance Week.