CCICED Project: Mobilizing Large Asset Owners to Scale Up Climate Finance


The expert consultation meeting for CCICED project @NRDC 

Large asset owners play an important role in climate finance. They have the ability not only to channel capital into green fields by transitioning their own portfolios, but also to engage with asset managers, credit rating agencies, stock exchanges and other parties in the capital market to encourage and guide more investments that align with green and sustainable principles. 

NRDC, along with the research institute of China International Capital Corporation Limited (CICC), and Storebrand, a Norwegian asset management company, have worked together on a special policy study for the China Council for International Cooperation on Environment and Development (CCICED) on sustainable investment innovative mechanism, with a focus on mobilizing large asset owners, particularly pension funds or sovereign wealth funds, to play a more important role and even lead on climate finance. 

On July 5, the project team organized an expert consultation meeting to discuss the preliminary findings from the study.  Experts from Boao Forum for Asia Research Institute, China Responsible Investment Forum (China SIF), China Development Bank Planning Research Department, Industrial Carbon Finance Research Institute, Shanghai University of Finance and Economics, Central University of Finance and Economics, CICC, and China Impact Investment Network participated in the discussion. The experts discussed the real-world challenges of mobilizing large asset owners to scale up climate finance and the potential pathway for China's capital market to build a sustainable investment ecosystem. The final report will be released at the end of August.