Banking on a Low Carbon Future15 February 2018
Co-Hosted by Boston Common Asset Management and ShareAction
We invite you to a join us for an investor only webinar on Thursday, February 15th at 10 AM Eastern for the launch of Boston Common’s third bank report “Banking on a Low Carbon Future” assessing how 59 global banks are making the critical business shift required to align with a 2 degrees Celsius or less future. Please register.
Addressing the challenges of climate change requires urgent action, the mobilization of vast sums of private capital and a break from business as usual by companies. In 2017 Boston Common Asset Management in collaboration with non-profit ShareAction (whose research on 15 European banks supported our analysis) and other partners called for more robust and relevant climate-related disclosure by banks aligned with TCFD in four key areas. These included climate-relevant strategy and implementation, climate-related risk assessments and management, low-carbon banking products and services, and banks’ public policy engagements and collaboration with other actors on climate change. This outreach was supported by an investor coalition of over 100 institutional investors with close to $2 trillion in assets under management.
The webinar will cover notable practices across the globe, highlight key gaps in current bank performance, and suggest specific areas for investor engagement. We will discuss possible next steps including the launch of an investor collaborative engagement using the report findings in 2018, and follow up to ShareAction’s 2017 European bank report and plans for the 2018 AGM season.