The meeting attracted 24 participants in São Paulo and Rio de Janeiro, and addressed the climate strategies of active ownership. Cases and data from initiatives were presented that showed how climate change definitively affects the market. In this regard, the presentations provided examples of what corporations and investors can do, in practice, to adapt to this scenario, reallocating their capital to qualified investments. “This is happening now. It will produce financial impacts and we can do something about this,” said Rick Stathers, who presented the case of active ownership of Aviva Investors.
Carla Schuchmann, Manager of Sustainable Finance of SITAWI, stated that she sees investors becoming increasingly interested in the subject of climate change. “At the fourth meeting, we had the opportunity to talk with two international investors in order to understand how they are working the subject into their engagement and voting actions. There was also a presentation about Climate Action 100+, by PRI, which is an initiative that unites investors to engage with companies about greenhouse gas emissions. Inspired by this, we jointly began to lay the foundation for the engagement of Brazilian investors with local companies,” she added.
In addition to the team from SITAWI, the meeting also had presentations by James Malone, from Legal and General Investment Management (LGIM), Ben Pincombe and Marcelo Seraphin, from Principles of Responsible Investment (PRI), Rick Stathers, from Aviva Investors, and Caroline Dihl Prolo and Pedro Pessoa, from Stocche Forbes.
Investors for the Climate (IPC) is an initiative of SITAWI Finance for Good, with the support of the Institute for Climate and Society (iCS) through its low carbon economy program. It is a pioneering approach in the country and its main objective is to engage and convince local professional investors to proceed with the decarbonization of their portfolios, while they seek returns that are better adjusted to risk. Access the guide here: