This submission reflects this organization's contribution to the climate effort, representative of their current actions and commitments as well as the ways in which they intend to step up and collaborate with others.
Responsible Asset Allocator Initiative at New America's Climate Action Contribution
Climate Action Commitments
Current Climate Actions Responsible Asset Allocator Initiative at New America Is Taking:
Commit to Responsible Engagement in Climate Policy
While individual organization action is necessary, local and federal government action is also needed to reach global climate goals. Your organization can have a critical voice in advancing public policy. A commitment to responsible engagement in climate policy means that your organization commits to supporting public policy to: promote energy efficiency and renewable energy; increase investment in a clean energy economy; support climate change adaptation, or put a price on carbon.
Integrate Climate Change into Portfolio Analyses and Decision-Making
Commit to integrate climate change-related risks and opportunities in portfolio analysis and decision-making processes through one or more of the following:
- Analyzing and assessing climate change-related risks and opportunities (e.g. through carbon footprinting, scenario analysis).
- Making commitments and setting targets (e.g. to carbon footprint reduction, to enhanced portfolio resilience, to decarbonization, including via the Portfolio Decarbonization Coalition).
- Investing in low carbon investment funds and other products (e.g. low carbon indices, climate-aligned bonds).
Areas For Collaboration
We are interested in collaborating on the following:
- Collaborate on climate and clean energy action, and to advocate for stronger climate policy at the local level
The Responsible Asset Allocator Initiative (RAAI) encourages the world's largest asset allocators to invest responsibly and to support the SDG. We rate nearly 200 asset allocators, with total AUM of USD 29 trillion, on their responsible investing practices. We also publish "The Leaders List: The 25 Most Responsible Asset Allocators" in the world. RAAI is part of New America, a nonprofit, nonpartisan think tank and civic enterprise. New America is dedicated to renewing America by continuing the quest to realize the nation's highest ideals, honestly confronting the challenges caused by rapid technological and social change, and seizing the opportunities those changes create.