The Portfolio Decarbonization Coalition (PDC), which aims to support greenhouse gas emissions cuts by engaging institutional investors committed to decarbonizing their portfolios, is now overseeing the decarbonization of $230bn in Assets Under Management (AUM), dramatically surpassing its target of $100 bn.
Hermes Investment Management in the UK, MN Services in the Netherlands, BNP Paribas Investment Partners, Humanis, and Caisse des Dépôts (CDC) in France today joined the coalition, bringing the number of members to 23, managing total assets of $2.2 trillion.
With announcements of new members planned for COP 21, increasing PDC membership is a clear signal that a growing number of leading investors are committed to playing a key role in tackling climate change by reducing the carbon risks and impacts of their portfolios.
Read the full press release.