Boston Trust Walden

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).

Investors commit to improving disclosures on the climate change-related risks and opportunities in their portfolios, in line with the recommendations of the Financial Stability Board’s Task Force on Climate-Related Financial Disclosures (TCFD) for asset owners and asset managers.

Investors commit to supporting the Climate Action 100+ initiative with the aim of securing commitments from boards and senior management to:

• Implement a strong governance framework which clearly articulates the board’s accountability for and oversight of climate change risk and opportunities.
• Take action to reduce greenhouse gas emissions across their value chain, consistent with the Paris Agreement’s goal of limiting global average temperature increase to well below 2-degrees Celsius above pre-industrial levels.
• Provide enhanced corporate disclosure in line with the final recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) and sector-specific Global Investor Coalition on Climate Change Investor Expectations on Climate Change (when applicable) to enable investors to assess the robustness of companies’ business plans against a range of climate scenarios, including well below 2-degrees Celsius scenarios, and to improve investment decision-making.