Paris, 4 December 2015 – Building on the targets and commitments announced at the UN Climate Summit, climate action from investors, bankers and insurers has increased tremendously. At the LPAA Focus on Private Finance, innovative initiatives will be showcased that accelerate and increase the private capital shift to finance the necessary transformation to a low carbon, sustainable global economy.

Climate action in the private finance sector far surpassed the level expected in 2014

Since the Climate summit in September 2014, climate action and voluntary commitments by the private financial sector have reached several key inflection points. Janos Pasztor, Assistant Secretary-General on Climate Change, United Nations, presented the report “Trends in private sector climate finance” demonstrating that financial institutions that made announcements last year are sticking to their commitments and have been joined by numerous other actors.

1000 investors are committed to climate action covering €30 billion of assets. Portfolio decarbonization is on track. Measuring assets carbon footprint must become common practice.

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