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The document outlines requirements for the post-2020 biodiversity goals following the Aichi Biodiversity Targets. It advocates for the inclusion of Indigenous Peoples, local communities, women, and youth in the decision-making process. The authors argue that unlimited economic growth is incompatible with environmental preservation and call for the removal of corporate control over public policy and financial instruments. Furthermore, the statement rejects the use of biodiversity offsets and single biodiversity metrics, suggesting that goals must include qualitative aspects and divestment from destructive projects.

The document calls for a post-2020 biodiversity framework that prioritizes planetary boundaries over economic growth and incorporates the leadership of indigenous peoples and local communities. It explicitly rejects the 'voluntary commitments' model used in the Paris Agreement and argues against biodiversity offsets, claiming they are ineffective due to the complexity of ecosystems.

The document calls for the Convention on Biological Diversity to replace the Aichi Biodiversity Targets with a framework based on planetary limits, emphasizing the need for full participation from indigenous peoples, local communities, and civil society. It argues against the use of voluntary pledges, biodiversity metrics, and offsetting, while advocating for the limitation of corporate influence and the divestment from destructive activities.

The text advocates for the EU to integrate climate change into its security and foreign policy framework, proposing a 'geographical/geopolitical' approach to climate security. It suggests that climate change acts as a risk multiplier for conflict, migration, and instability, particularly in regions like the Sahel. The author proposes several Green Party initiatives, including the creation of an EU Special Envoy for Climate Security, the reservation of international funds for climate mitigation in destabilized countries, and reducing dependence on fossil fuels from autocratic regimes to enhance global stability.

The 2018 Climate Accountability Scorecard evaluates eight major oil, gas, and coal companies, finding that while some have made minor improvements due to shareholder and legal pressure, their overall actions remain insufficient to align with the Paris climate agreement. The report highlights continued reliance on trade associations that spread disinformation and a systemic failure to set company-wide net-zero emissions targets.

WRI transitioned its $40 million endowment to a sustainable investment strategy starting in 2014, moving from a focus on maximizing financial returns to integrating environmental, social, and governance (ESG) criteria. The organization rejected a simple divestment approach in favor of a holistic ESG integration strategy and a 15% 'impact' carve-out for private equity solutions. To manage this complexity, WRI shifted its governance model to an Outsourced Chief Investment Officer (OCIO) partnership with Goldman Sachs. Despite challenges with inconsistent ESG data and a lack of sustainable products in certain asset classes, WRI reports that its new portfolio has performed nearly identical to its benchmark with slightly lower risk.

The Climate Bonds Initiative (CBI) employs a three-step screening process to identify and validate green bonds and loans for its database. This involves identifying self-labeled green instruments, verifying alignment with the Climate Bonds Taxonomy across eight sectors, and ensuring at least 95% of proceeds are allocated to eligible green assets. The methodology explicitly excludes fossil fuel energy and projects that extend the life of fossil fuel assets. Instruments are categorized as included, pending, or excluded, with a mechanism for reclassification based on new data or updated scientific criteria.

ClientEarth warns the Aviva Staff Pension Scheme trustees that treating climate change as a general ESG issue rather than a specific material financial risk may expose them to legal challenges for breach of fiduciary duty. The letter outlines the financial risks of high-carbon assets, the opportunities in the low-carbon transition, and emerging market standards among OECD asset owners. It provides a detailed set of recommended actions, including reallocating capital away from coal and risky fossil fuels, adopting TCFD-aligned reporting, and implementing active stewardship policies to ensure the long-term security of members' retirement outcomes.

ClientEarth warns the BAE Systems Main Scheme trustees that ignoring climate risk could lead to legal challenges for breach of fiduciary duty. The letter outlines material financial risks associated with fossil fuels, the opportunities of a low-carbon transition, and emerging market standards among OECD asset owners. It provides a detailed set of recommended actions, including reallocating capital away from coal and high-risk fossil fuels, adopting TCFD-aligned reporting, and pursuing active stewardship of portfolio companies.

ClientEarth warns the BP Pension Fund trustees that ignoring climate-related financial risks may constitute a breach of fiduciary duty and jeopardize member retirement outcomes. The letter outlines material risks associated with fossil fuel assets, highlights emerging market standards for climate-aware investing among OECD asset owners, and provides a detailed set of recommended actions for the fund to safeguard its assets and align with the Paris Agreement.

ClientEarth warns the Electricity Supply Pension Scheme trustees that failing to manage climate-related financial risks may constitute a breach of fiduciary duty. The letter highlights that many of the scheme's group trustees currently lack explicit climate policies, often delegating ESG considerations to managers without formal determination of risk. ClientEarth provides evidence that fossil fuel assets, particularly coal, are highly exposed to transition and physical risks, while low-carbon indices have shown competitive or superior returns. It further notes a growing market standard among OECD asset owners toward divestment and robust climate governance. The document concludes with a detailed set of recommended actions, including reallocating capital away from coal and risky fossil fuels, adopting TCFD-aligned reporting, and pursuing active stewardship of portfolio companies.

ClientEarth warns the Ford Pension Fund trustees that failing to consider climate change as a material financial risk may constitute a breach of fiduciary duty. The letter outlines the financial risks of fossil fuel assets, the opportunities in low-carbon investments, and emerging market standards among OECD asset owners. It concludes with a detailed set of recommended actions, including asset reallocation away from coal and the adoption of TCFD-aligned reporting.

ClientEarth argues that the Lloyds Bank Pension Scheme trustees may be failing their fiduciary duties by not sufficiently addressing climate risk. The letter outlines the material financial risks of climate change, particularly for fossil fuel assets, and the opportunities in the low-carbon transition. It provides a framework for action, including reallocating assets away from coal and high-carbon sectors, adopting TCFD-aligned reporting, and pursuing active stewardship of portfolio companies.

ClientEarth warns the Mineworkers’ Pension Scheme trustees that failing to address climate-related financial risks may constitute a breach of fiduciary duty. The letter outlines the material risks associated with fossil fuel assets, the opportunities in the low-carbon transition, and emerging market standards for asset owners. It provides a detailed set of recommended actions, including reallocating capital away from coal and high-carbon assets, adopting TCFD-aligned reporting, and pursuing active stewardship of portfolio companies.

ClientEarth warns the National Grid UK Pension Scheme trustees that treating climate risk merely as part of general ESG issues may be insufficient to meet their legal obligations. The letter outlines material financial risks associated with fossil fuels, the potential for returns from low-carbon investments, and emerging market standards for asset owners. It concludes with a set of recommended actions, including reallocating capital away from coal and high-carbon assets, adopting TCFD-aligned reporting, and pursuing active stewardship of portfolio companies.

The document argues that climate change represents a material financial risk that pension trustees must consider to fulfill their legal duty to act in the best interests of members. It highlights the vulnerability of fossil fuel assets, the potential for low-carbon investment returns, and emerging market standards among OECD asset owners. ClientEarth provides a detailed framework for the scheme to evaluate risk, reallocate assets away from coal and high-risk fossil fuels, and implement active stewardship and TCFD-aligned reporting.

ClientEarth warns the Rolls-Royce Pension Scheme trustees that treating climate risk merely as a general ESG issue may expose them to legal challenges for breach of fiduciary duty. The letter asserts that climate change is a material financial risk, particularly for fossil fuel assets, and that transitioning to low-carbon investments can protect portfolios without sacrificing returns. It provides a detailed framework for action, including reallocating capital away from coal and high-risk fossil fuels, adopting TCFD-aligned reporting, and implementing active stewardship policies to ensure portfolio companies align with the Paris Agreement.

ClientEarth warns the Shell Contributory Pension Fund trustees that failing to strategically manage climate risk may breach their fiduciary duty to act in the best interests of members. The letter asserts that climate change is a material investment risk and provides evidence that fossil fuel assets, particularly coal, are highly exposed to financial losses. It highlights emerging market standards among OECD asset owners, including the use of TCFD frameworks and divestment policies. ClientEarth recommends specific actions: evaluating physical and transitional risks, reallocating capital away from coal and risky fossil fuels, and pursuing active stewardship to align portfolio companies with the Paris Agreement.

ClientEarth argues that the Tesco Pension Scheme trustees may be breaching their fiduciary duties by failing to identify and mitigate specific climate change risks. The letter asserts that climate risk is a material financial risk and provides evidence that fossil fuel assets, particularly coal, are highly exposed to losses. It further claims that low-carbon investing does not compromise returns and that market standards are shifting toward robust climate governance and divestment. ClientEarth recommends a series of actions, including reallocating capital away from coal and risky fossil fuels, adopting TCFD-aligned reporting, and implementing active stewardship policies to ensure portfolio resilience.

The report argues that climate change poses significant physical and transition risks to financial assets, particularly in high-carbon sectors, and that these risks are often not adequately priced into the market. It highlights the potential for 'stranded assets' in fossil fuels and coal, while simultaneously identifying substantial growth opportunities in renewable energy, green infrastructure, and energy efficiency. The document concludes that climate-aware investing is a necessity that can match or outperform conventional benchmarks without sacrificing returns.