The Church Commissioners for England has announced that it has signed the PRI Montreal Pledge, an initiative that commits signatories to measuring and publicly disclosing the carbon footprint of their equity portfolio each year.
The Pledge was launched last year in Montreal during the annual conference of the Principles for Responsible Investment (PRI), which the Commissioners signed up to in 2010, and is also supported by the UN Environment Programme Finance Initiative (UNEP FI). It aims to attract commitment from portfolios totalling US$3 trillion in time for the UN Climate Change Conference (COP 21) in December 2015. At present, nearly 100 organisations representing over US$8 trillion have signed the pledge.