Ethos is pursuing its efforts to combat climate change by supporting "The Investor Agenda" endorsed by 392 global investors at the Global Climate Action Summit (GCAS), which is being held from 12 to 14 September 2018 in San Francisco.
The Investor Agenda brings together 392 institutional investors with assets of USD 32 trillion who are committed to taking concrete and transparent action on climate change. The initiative aims to present different measures within a single framework and thus enable investors to collaborate on this topic. The Investor Agenda asks signatories to commit to 4 specific action areas (investment, engagement, disclosure, as well as policy advocacy) in order to demonstrate and accelerate investors' commitment to achieving the objectives of the Paris Agreement.
Ethos is convinced that climate change represents a major risk for investors in the medium and long term and that they can and should, through their investments, play a crucial role in the battle against global warming. In this respect, Ethos has already taken a number of concrete measures to limit the risk for its investment funds which open to institutional as well as retail investors, Ethos has in particular:
- Signed the Montréal Carbon Pledge
- Excluded from its portfolios companies that generate more than 5% of their revenues from coal mining or coal-based power generation
- Significantly reduced the carbon footprint of its equity funds compared to their respective benchmarks
- Decided to publicly disclose the carbon footprint of all its equity funds
In parallel, as part of the engagement services offered by Ethos to institutional investors, particular attention is paid to the dialogue with carbon-intensive companies within the framework of Ethos Engagement Pool International. This dialogue takes place either collectively for example through the CA100+ initiative, the CDP or directly (engagement program with major European electric utilities).