22 September 2023
MIMCO Capital signs the 2021 Global Investor Statement to Governments on the Climate Crisis
Published
22/09/2023

With a responsible approach to its investments, the MIMCO Capital group is actively pursuing its sustainable commitment by signing the 2021 Global Investor Statement to Governments on the Climate Crisis, which calls on all governments to commit to ambitious action on climate policy by COP26, the next United Nations climate conference.


The statement was drafted through an international collaboration between the seven founding partner organizations of The Investor Agenda, which was created to accelerate action towards a net-zero emissions economy: Asia Investor Group on Climate Change (AIGCC), CDP, Ceres, Institutional Investors Group on Climate Change (IIGCC), Investor Group on Climate Change (IGCC), Principles for Responsible Investment (PRI) and UNEP FI.


It brings together the signatures of 457 investors managing over $41 trillion in assets.


In summary, the statement calls on governments to act in 2021 to:



  • Strengthen their Nationally Determined Contributions for 2030 before COP26 in November 2021;

  • Commit to a domestic mid-century, net-zero emissions target and outline a pathway with ambitious interim targets including clear decarbonization roadmaps for each carbon-intensive sector;

  • Implement domestic policies to deliver these targets, incentivize private investments in zero-emissions solutions and ensure ambitious pre-2030 action;

  • Ensure COVID-19 economic recovery plans support the transition to net-zero emissions and enhance resilience;

  • Commit to implementing mandatory climate risk disclosure requirements aligned with the Task Force on Climate-related Financial Disclosures (TCFD) recommendations.


"As a committed corporate citizen, our group is pleased to take action on behalf of the environment and contribute to the fight against global warming. In this common worldwide crisis, it is incumbent on investors and governments to act quickly. The challenge is big but necessary to avoid the worst consequences of climate change.”, says Christophe Nadal, co-founder and CEO of MIMCO Capital.


The statement was sent to world leaders and made public for the first time on the eve of the G7 summit taking place June 11-13, 2021 in Carbis Bay, England. It forms the basis of engagement with governments at key policy moments throughout the year and will be used to support positive momentum on the road towards COP26 in November 2021, where the statement will be showcased.

 


To read the full statement: https://bit.ly/3gaTpRR


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