Yesterday (7/12) the Portfolio Decarbonization Coalition (PDC) announced that two additional global investors, Allianz and ABP, joins the coalition. The pressconference, that took place at COP21, was attended by UNEP FI, Mats Andersson (CEO AP4) and Oliver Bäte (CEO Allianz).
PDC is run by AP4 along with the United Nations Economic Programme (UNEP), Amundi and the Carbon Decarbonization Project (CDP). The aim is to get investors worldwide to measure, disclose and reduce their carbon footprint.
With Allianz and ABP joining, PDC now convenes 25 investors overseeing the decarbonization of $600 billion in Assets under Management, surpassing the original target of $100 billion.