Mercer joins with institutional asset owners and investors to launch a study exploring the impact of climate change on asset allocation. SocialFunds.com — During last December’s United Nations Climate Change Conference (COP15), the United Nations Principles for Responsible Investment (PRI) published a letter asking for clear recognition “of the important role that capital markets, institutional investors and private finance, will play if the global community is to deliver the needed transformation to a low–carbon and resource-efficient global economy.” At the time, Paul Clements-Hunt, Head of the United Nations Environment Program Finance Initiative (UNEP FI), told SocialFunds.com, “85% of financing for climate change mitigation will come from private investment.” Following last month’s announcement by Mercer that, along with 14 institutional asset owners and investors from around the world, it has launched a study of the potential impact of climate change on asset allocation, SocialFunds.com spoke with Craig Metrick, US Head of Responsible Investment at Mercer. Asked if he agreed with Clements-Hunt’s analysis, Metrick said, “The number seems reasonable under certain potential scenarios.” Image: carbontrust.co.uk. More…

Source: SocialFunds.com