Avon Pension Fund joins 100+ investors, representing over €11 trillion in assets, to call on EU leaders to ensure a sustainable economic recovery from COVID-19 which supports the EU Green Deal & upholds the Paris Agreement.
The letter, prepared by the Institutional Investors Group on Climate Change (IIGCC), and sent to EU heads of state and government received support from 109 investors representing €11 trillion in assets. The letter calls on EU leaders to deliver an economic recovery that includes maintaining momentum on the EU Green Deal and sustainable finance agenda, with at least 25% of the EU’s long-term budget contributing to climate objectives. The full statement is available to read here.
This advocacy work follows on from recent engagement, co-ordinated by the IIGCC and supported by Avon Pension Fund, on a sustainable recovery at the domestic level. Strong investor representation in a letter to the UK Prime Minister from over 200 businesses, investors including Avon Pension Fund and business groups, called for a recovery from the pandemic which builds a more sustainable, inclusive and resilient UK economy.