A version of this post originally appeared inClimate Action.

Something very important is happening in global finance: the $70 trillion in institutional investment pools is turning a little greener.

A working paper from WRI,Navigating the Sustainable Investment Landscape，发现可持续投资的前景很强，并且通过克服剩余的障碍，市场确实可以达到临界点。许多投资组合经理曾经相信（有些人仍然这样做），将资金分配给更可持续的公司和投资将需要牺牲收益率。但是经验证据表明，平均而言，情况并非如此。在某些情况下，考虑到可持续性实际上可以提高公司财务绩效，而以可持续性为导向的投资资金可能比传统资金效果更好或更好。

Sustainable Reality, a recent study of more than 10,000 mutual funds by the Morgan Stanley Institute for Sustainable Investing, found that sustainable equity funds usually had equal or higher median returns and equal or lower volatility than traditional funds. An analysis by Oxford University and Arabesque Partners, From the Stockholder to the Stakeholder, found a positive relationship between sustainability and financial performance of stock prices for 80 percent of the 41 studies reviewed.

Asset owners – the pension funds, endowments, foundations and people who own the capital invested in corporations – are in it for the long haul, which gives them a different perspective from investment managers aimed at short-term profit. Long-term investors are eager to ensure their capital can weather a range of environmental, social and governance (ESG) risks, especially climate change.

Back-to-back billion-dollar natural disasters from South Asia to south Texas, from hurricanes in the Caribbean to wildfires in the Rocky Mountains, show a clear pattern of high cost.

Chief investment officers and individual investors are taking note. Mainstream financial players including former New York Mayor Michael Bloomberg are calling for corporations to take more action. A global task force set up by the G20 top industrialized nations – the Task Force on Climate-Related Disasters (TFCD) – has developed a voluntary framework for companies to disclose the financial impact of climate-related risks and opportunities. The TFCD has drawn support from more than 100 companies with $11 trillion in assets.

朝着正确的方向趋势

And yet the battle is far from won: most fund managers still chase the short money. But the trend is in the right direction, especially when asset owners apply pressure, as they have in 2017. A case in point: 62 percent of ExxonMobil’s shareholders voted to instruct the oil giant to report on the business impact of global measures to limit warming to 2 degrees C (3.6 degrees F) above pre-industrial levels. This followed similarly successful shareholder votes at Occidental and PPL, a large utility holding company.

据报道，投资重量级贝莱德，先锋街和州街（共同拥有埃克森美孚的约18％）都投票赞成该决议，这是对投资者资本的长期保护的投票。投票也与贝莱德首席执行官拉里·芬克（Larry Fink）2016年的要求一致，即公司首席执行官长期管理，尽管贝莱德（Blackrock）和其他公司不愿投票赞成公司管理，尤其是在与气候变化有关的问题上。必威官网是真的吗

这些投资公司并不孤单，WRI是此过渡的一部分。全球300多家公司已致力于设定目标，以减少与最佳气候科学一致的价值链中的气候变暖排放必威官网是真的吗基于科学的目标initiative. The Institute’sSustainable Investing Initiativeoffers tailored data, research and peer-to-peer learning to accelerate the shift toward investment that integrates ESG factors from the start.

Ultimately, we should settle for nothing less than 100 percent of investors taking ESG into account when making investment decisions. We are not there yet, but by sharing knowledge about the consequences of failing to act now to deal with projected climate impacts, there is a better chance of persuading portfolio managers to think for the long term – just as many investors already do.