Global Investors to Meet at United Nations to Map Next Steps for Catalyzing Low-Carbon Economy

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Hundreds of investors, Wall Street and corporate leaders, controlling trillions in capital, gather at first high-level forum following COP15 climate negotiations

That work must start here in the United States. Our country must lead the world with a commitment to strong limits on its own carbon emissions if it expects others to follow. The time for politics as usual is over.

As world attention turns toward the U.S. for action on climate change legislation in the wake of the Copenhagen climate talks, financial and corporate leaders will meet at the United Nations on Jan. 14, 2010, to discuss critical next steps for catalyzing investment worldwide in a low-carbon economy.

The summit will include 400 to 500 investor and financial leaders from around the world and will feature such speakers as:

  •     Dr. Zhengrong Shi, founder, Chairman & CEO, of Suntech in China
  •     Kevin Parker, global head of Deutsche Asset Management
  •     Anne Stausboll, CEO of the California Public Employees’ Retirement System;
  •     Richard Trumka, president of the AFL-CIO;

The meeting, from 9 AM to 5 PM, is sponsored by the United Nations Foundation, Ceres and the United Nations Office for Partnerships.

"In the wake of Copenhagen, we urgently need to figure out where the investments needed to solve climate change are going to come from," said Kevin Parker, global head of Asset Management at Deutsche Bank. “Investors cannot wait for an international agreement to begin shifting financial flows toward building a low-carbon economy.”

“While we are pleased that negotiations moved forward in Copenhagen, we are sobered by what last week’s COP agreement reveals about how much hard work lies ahead," said Mindy Lubber, president of Ceres, and director of the $8 trillion Investor Network on Climate Risk. "That work must start here in the United States. Our country must lead the world with a commitment to strong limits on its own carbon emissions if it expects others to follow. The time for politics as usual is over.”

Accredited journalists are invited to cover a press conference at 1 pm Eastern time, Thurs., Jan. 14, either in person at the United Nations (room TBD), or via webcast. The press conference will also be broadcast live one-way over the telephone.

Journalists attending the press conference are asked to RSVP at patricia(at)kelleycampaigns(dot)com

The entire event, with the exception of the luncheon, is open to media coverage: the plenary sessions from 9 am to 5 pm, and a reception immediately afterwards at 5:30 at the Millennium UN Plaza Hotel. The summit is a result of growing participation in the Investor Network on Climate Risk (INCR), an initiative organized by Ceres, which now includes 80 institutional investors with assets totaling more than $8 trillion. A full agenda can be found at http://www.ceres.org/Document.Doc?id=503.

About Ceres and INCR:
Ceres is a leading coalition of investors, environmental groups and other public interest organizations working with companies to address sustainability challenges such as climate change. Ceres directs the Investor Network on Climate Risk (INCR), a network of 80 institutional investors with collective assets totaling more than $8 trillion. For more information, visit http://www.ceres.org and http://www.incr.com.

About the United Nations Foundation:
The UN Foundation was created in 1998 after entrepreneur and philanthropist Ted Turner's gave a historic $1 billion gift to support UN causes and activities. The UN Foundation builds and implements public-private partnerships to address the world's most pressing problems and also works to broaden support for the UN through advocacy and public outreach. The UN Foundation is a public charity. For more information, visit http://www.unfoundation.org.

About the United Nations Office for Partnerships (UNOP):
The United Nations Office for Partnerships serves as a gateway for collaboration between the private sector, foundations, and the United Nations family. It promotes new partnerships and alliances in furtherance of the Millennium Development Goals and provides support to new initiatives of the Secretary-General. UNOP oversees the United Nations Fund for International Partnerships (UNFIP), the United Nations Democracy Fund (UNDEF) and Partnership Advisory Services and Outreach to a variety of entities. For more information, visit: http://www.un.org/partnerships/YAboutUs.htm

Contacts:     
Meg Wilcox, Ceres, 617-247-0700 X148
wilcox(at)ceres(dot)org

Patricia Charles, 301-887-1060 x111
patricia(at)kelleycampaigns(dot)com

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Patricia Charles
Ceres
301-887-1060 ext. 11
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