Anyone in charge of large pots of other people’s money is in his sights, it seems. The people whose money it is are excluded from the conversation, such as it is, of course. Just keep shouting vague buzz terms like ‘climate change’, ‘greenhouse gas’, ‘net zero’, ‘biodiversity’ etc. and wait for the money to roll in.
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HRH Prince Charles has called for “real action” from the pensions and investment industry on tackling the “existential threats of climate change and biodiversity loss”, says Corporate Adviser.
His call to action was made at the Pensions and Lifetime Savings Association’s online ESG conference.
Setting out the challenge Prince Charles said: “I have spent much of the last forty years trying to get across the message about why sustainability matters and… frankly, I am fed up with all the talking. We know now what needs to be done.”
He said that institutional investors, pension professionals, chief finance officers and accountants attending have an “essential role to play in driving the urgent and substantial change required”.
He added: “Your ability to raise and allocate funds for transition and adaptation, to embed greenhouse gas reductions within your organisations’ decision-making processes, to influence others and to track and report on progress against these targets places you at the very heart of the transition.”
Earlier this year Prince Charles Sustainable Markets Initiative launched the ‘Terra Carta’ – a blueprint for the next decade on ways to balance prosperity with the needs of nature, people and the planet.
He said this initiative reflects the “considerable progress that has been made in forging consensus on the direction humanity must take and the milestones we must meet by the middle of the century to secure a sustainable future”.
Prince Charles says he was encouraged by the number of organisations signed up to this agreement and also committing to net zero targets.
Full article here.
via Tallbloke’s Talkshop
July 1, 2021 at 03:36AM