The P8 Group brings together senior leaders from some of the world's largest public
pension funds to develop actions relating to global issues and particularly
climate change. It is an initiative of the Cambridge Programme for Sustainability Leadership (CPSL) and HRH
Prince of Wales’s Business and Environment Programme (BEP) supported by the Environmental Capital Group (ECG) and the Nand & Jeet Khemka Foundation.
The P8 Group involves ten leading global pension funds and sovereign wealth funds, including representatives from
Europe,
Asia,
Australasia and
North America
North America is a continent in the Northern Hemisphere and almost entirely within the Western Hemisphere. It is bordered to the north by the Arctic Ocean, to the east by the Atlantic Ocean, to the southeast by South America and the Car ...
. They represent over $3 trillion of investment capital and as pension funds have an inherently long term focus.
In November 2007 the first P8 Summit was held. This brought together leaders from eight of the world's largest public
pension funds with key experts including Vice President
Al Gore
Albert Arnold Gore Jr. (born March 31, 1948) is an American politician, businessman, and environmentalist who served as the 45th vice president of the United States from 1993 to 2001 under President Bill Clinton. Gore was the Democratic Part ...
and HRH
Prince of Wales. The P8 Summit was a critical start in getting pension funds to lead in the move toward a
low-carbon economy. Participants agreed to continue working together to
address climate change
Climate change mitigation is action to limit climate change by reducing emissions of greenhouse gases or removing those gases from the atmosphere. The recent rise in global average temperature is mostly caused by emissions from fossil fuels b ...
, both within their organizations and as a group to influence
policy and markets.
The group, at this point 10 pension funds, met again in July 2008 to further develop their strategy. At this meeting HRH
Prince of Wales welcomed their continued "determination to put substantial money into investments that address climate change."
Prince of Wales's speech
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This organisation has now disbanded, and was replaced in 2010 by the P80 Group Foundation.
Members of P8
* CalPERS
* CalSTRS
* New York State
* British Columbia
* AP7
* APG
*UK Universities Superannuation Scheme (USS)
* ACSI
*Korean National Pension Fund
* Norwegian Sovereign Wealth Fund
See also
* Bali roadmap
References
External links
Cambridge Programme for Sustainability Leadership
Climate change policy
Diplomatic conferences in the United Kingdom
21st-century diplomatic conferences
2007 in the environment
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