Global fund could funnel $60 trillion towards low-carbon technologies
The Asset Owners Disclosure Project (AODP), a global not-for-profit initiative, is hoping to encourage pension and superannuation fund members to place some of their $60 trillion in savings into funds that support low-carbon technologies.
The Asset Owners Disclosure Project (AODP), a global not-for-profit initiative, is hoping to encourage pension and superannuation fund members to place some of their $60 trillion in savings into funds that support low-carbon technolgies.
Deutsche Bank estimates less than two per cent of money held by pension, superannuation and sovereign wealth funds is invested in low-carbon assets.
The independent AODP is asking the world's largest asset owners to disclose what they are doing to address climate change after Deutsche Bank estimated that less than 2% of the money held in the funds is contributing to the 'green economy'.
The AODP wants the funds to reveal information relating to transparency, climate risk management, low-carbon investment, active ownership and investment chain alignment.
A related initiative launched in New York, The Vital Few, is aimed at getting fund members to join forces and pressurise fund trustees to shift assets to environmentally-friendly investments.
