The Investor Network on Climate Risk (INCR) is a network of institutional investors and financial institutions that promotes better understanding of the financial risks and investment opportunities posed by climate change. INCR is coordinated by Ceres (organization), a coalition of investors and environmental groups.

The Investor Network on Climate Risk was launched at the first Institutional Investor Summit on Climate Risk, which was held at the United Nations in November 2003. INCR’s membership has since grown from 10 investors managing $600 billion in assets to 50 investors managing nearly $4 trillion of assets. Members include asset managers, state and city treasurers and comptrollers, public and labor pension funds, foundations, and other institutional investors. INCR and its members promote improved disclosure and corporate governance practices related to the business risks and opportunities posed by climate change.

Recent activities

• INCR members invested over $1.2 billion of their assets in renewable energy and other clean technology ventures. The investments covered technologies such as hydrogen fuel cells, ethanol, geothermal facilities and advanced materials.
• Convened 500 investors, Wall Street and corporate leaders at the United Nations in 2005 for the second Institutional Investor Summit on Climate Risk.
• Launched a 10-point action plan, endorsed by 28 investors, which seeks deeper analysis, disclosure and action from Wall Street firms, securities regulators and companies.
• Persuaded more than 25 Fortune 500 companies to improve their climate policies.
• Produced research reports to help investors better understand the implications of global warming.
• Published the Global Framework for Climate Risk Disclosure, a standardized set of guidelines for improving corporate disclosure on the risks and opportunities for climate change.

References

• New York Times editorial
• Reuters article
• Economist article (pdf format)

External links

• INCR website