The Montréal Carbon Pledge
By signing the Montréal Carbon Pledge, investors commit to measure and publicly disclose the carbon footprint of their investment portfolios on an annual basis.
The Pledge was launched on 25 September 2014 at PRI in Person in Montréal, and is supported by the Principles for Responsible Investment (PRI) and the United Nations Environment Programme Finance Initiative (UNEP FI).
Overseen by the PRI, it has attracted commitment from over 120 investors with over US$10 trillion in assets under management, as of the United Nations Climate Change Conference (COP21) in December 2015 in Paris. Support for the Montréal Carbon Pledge comes from investors across Europe, the USA, Canada, Australia, Japan, Singapore and South Africa.
The Montréal Carbon Pledge allows investors (asset owners and investment managers) to formalise their commitment to the goals of the Portfolio Decarbonization Coalition, which mobilises investors to measure, disclose and reduce their portfolio carbon footprints. Over US$100 billion has been committed to this as of COP21.
Please see here for an independent review of the Montreal Carbon Pledge and investor implementation one year on after COP 21.
In June 2017, the FSB Task Force on Climate-related Financial Disclosures (TCFD) published its final recommendations. The PRI encourages all investors to implement the TCFD's disclosure guidance for asset owners and asset managers, with Montreal Carbon Pledge signatories well-positioned for this. In January 2018, the PRI will align its Reporting Framework for all PRI signatories with the TCFD's guidance.