A game changer for climate-friendly investing: South Pole Group and CDP Europe develop the first climate impact rating for investment funds
Berlin, Germany, and Zurich, Switzerland, 2 March 2016 - South Pole Group and CDP Europe, along with research partners University of Reading (UK) and University of Hamburg (Germany), have partnered together with Climate-KIC, the EU's main climate innovation initiative, to develop the first climate impact rating for European investment funds. The three-year innovation project "CLIMPAX" will now be moving to the beta-testing phase which will include extensive consultation with practitioners and civil society on key aspects of the rating. The project comes at a time when more and more investors – private and institutional – are concerned about the climate impact of their investments and the risk that climate change poses to their savings.
