March 17, 2021 10:01 AM Eastern Daylight Time

MADRID--(BUSINESS WIRE)--Today, the International Forum of Sovereign Wealth Funds (IFSWF), a global network of almost 40 sovereign wealth funds, in partnership with the IE University’s Center for the Governance of Change, a global research centre on SWFs, host a seminar on the rapidly changing landscape around climate change, the impact institutional investors are having to navigate and drive this change forward, and next steps for investors. The event follows last month’s release of the first comprehensive survey of sovereign wealth funds’ attitudes to climate change, conducted by IFSWF and the One Planet Sovereign Wealth Funds (OPSWF), as well as IE University’s annual Sovereign Wealth Funds Report publication, in partnership with ICEX-Invest in Spain.

2020 saw a seismic shift in institutional investors’ attitude to climate change and sustainability reporting. Climate Action 100+, an industry nonprofit that requires its investor members commit to responsible investing, saw this commitment jump 53% to $52t in 2020, and now represents approximately half of ALL Assets Under Management globally. This is up 100% from $26t in 2018. Not surprisingly then, the number of companies self-reporting has kept pace; the Sustainable Accounting Standards Board (SASB), just one carbon reporting standard based on the Greenhouse Gas Protocol, saw corporate reporting skyrocket 365% in 2020.

For more on the event, please CLICK HERE.