Portfolio Decarbonization Coalition

General

Name of initiative Portfolio Decarbonization Coalition
LPAA initiative No
NAZCA Initiative Yes
Website address www.unepfi.org/pdc
Related initiatives
Starting year 2014
End year
Secretariat UNEP Finance Initiative, Kai Remco FISCHER, based in Geneva Switzerland; e-mail: Remco.FISCHER@unep.org
Organisational structure The Portfolio Decarbonization Coalition (PDC) is UNEP FI´s platform for investor leadership on climate change. It is a multi-stakeholder initiative that seeks to support and catalyze the transition to the low-carbon economy by mobilising and convening institutional investors committed to restructuring their portfolios accordingly.
Geographical coverage Global
Name of lead organisation Portfolio Decarbonization Coalition
Type of lead organisation Financial institution
Location/Nationality of lead organisation Switzerland

Description

Description The PDC stands out as a platform of leaders because in order to participate investors have to make a clear, quantified, and actionable, commitment to address GHG emissions, and the resulting risks, via their ´core´ (as opposed to their ‘satellite’) portfolios. Investors wishing to participate in PDC are encouraged to commit to measuring and disclosing, via the Montréal Carbon Pledge, the carbon footprint of their investment portfolios on an annual basis, and they are required to (ii) taking action to start aligning their core portfolios with the low-carbon economy . The Coalition was co-founded in 2014 by the UN Finance Initiative (UNEFI), the fourth national pension fund of Sweden (AP4), Europe’s largest asset manager Amundi and CDP, the most important mechanism for climate disclosure worldwide.
Objectives PDC has become the global investor hub on aligning portfolios with the low carbon economy. The more specific objectives of PDC are:

1. To mobilize and convene a critical mass of committed investors who collectively start managing, in alignment with the low-carbon economy, USD trillions of assets under management (AUM); only if a critical mass is reached will portfolio decarbonization among investors start having impacts in the real economy. 2. Support committed investors in their carbon disclosure (through the Montreal Pledge) as well as in the implementation of their decarbonization plans; and 3. Help financial policy-makers drive investor climate disclosure and decarbonization by highlighting best practice and establishing new norms.

Activities Since COP 21, PDC has focused on developing a work programme, and putting in place a governance structure to see it through the 2016-2018 period. This includes actively fundraising to support the proposed programme of work. The initiative places emphasis on education and knowledge sharing amongst investors. In response to this, PDC continues to host high level workshops and webinars addressing the complexities of portfolio decarbonization. I
One or two success stories achieved

Monitoring and Impacts

Function of initiative
Activity of initiative
Indicators
Goals PDC has become the global investor hub on aligning portfolios with the low carbon economy. The more specific objectives of PDC are:

1. To mobilize and convene a critical mass of committed investors who collectively start managing, in alignment with the low-carbon economy, USD trillions of assets under management (AUM); only if a critical mass is reached will portfolio decarbonization among investors start having impacts in the real economy. 2. Support committed investors in their carbon disclosure (through the Montreal Pledge) as well as in the implementation of their decarbonization plans; and 3. Help financial policy-makers drive investor climate disclosure and decarbonization by highlighting best practice and establishing new norms.

Comments on indicators and goals
How will goals be achieved
Have you changed or strenghtened your goals
Progress towards the goals
How are you tracking progress of your initiative
Available reporting

Participants

Participants Number Names
Members 18  
Companies 0
Business organisations 0
Research and educational organisations 2 University Of Sydney (Australia),  Toronto Atmospheric Fund (Canada)
Non-governmental organisations 0
National states 0
Governmental actors 0
Regional / state / county actors 0
City / municipal actors 0
Intergovernmental organisations 0
Financial Institutions 16 Allianz SE (Germany),  Ap4 (Sweden),  Australian Ethical Investment (Australia),  Caisse des Dépôts (France),  Church Of Sweden Asset Management (Sweden),  Environment Agency Pension Fund (United K.),  Fonds De RéServe Pour Les Retraites (France),  Humanis (France),  KLP (Norway),  Le Régime de Retraite additionnelle de la Fonction publique-RAFP (France),  Local Government Super (Australia),  New York State Common Retirement Fund (USA),  Storebrand (Norway),  Toronto Atmospheric Fund (Canada),  University of Sydney (Australia),  Univest Company (Netherlands).
Faith based organisations 0
Other members 0
Supporting partners 0
Number of members in the years
Have only national states as participators No


Theme

Transport Agriculture Forestry Business Financial institutions Buildings Industry Waste Cities and subnational governments Short Term Pollutants International maritime transport Energy Supply Fluorinated gases Energy efficiency Renewable energy Supply chain emission reductions Adaptation Other Resilience Innovation Energy Access and Efficiency Private Finance
No No No No Yes No No No No No No No No No No No No No No No No Yes
Last update: 21 April 2022 09:41:32

Not only have national states as participators