We use our knowledge and voice to advocate for change.
A robust Copenhagen agreement is critical to establishing clear long-term policies that will guide our economies, our companies, and our investments. As one of the largest fund families focused on sustainable and responsible investment, Calvert has held for some time that understanding corporate climate change risk and opportunity is vital to creating well-managed portfolios. continued… —Barbara Krumsiek, President and CEO
Calvert has been an influential voice in the public policy debate regarding climate change regulation and a leader in pushing corporations to acknowledge climate change risk and develop solutions.
Calvert’s Public Policy Initiatives
Calvert advocates for a cleaner energy future through testimonies, briefings, and meetings with national policymakers, including members of Congress and staff, Department of State officials, and Environmental Protection Agency representatives.
We focus our policy efforts in support of four key carbon-reducing mechanisms:
- Legislation that puts a price on carbon
- National standards for renewable energy
- Energy efficiency and smart grid measures
- International financing mechanisms that spur development of clean energy
Calvert has been actively working with other organizations to broaden the impact of our climate-related policy efforts.
Investor Network on Climate Risk (INCR)
This group of institutional investors seeks a national policy and global agreement to reduce GHG emissions and meet the targets scientists say are necessary in order to avoid the effects of global warming. Calvert along with other investors is concerned that the current regulatory environment creates uncertainty and risks, thereby inhibiting investment decisions and undermining the long-term competitiveness of U.S. companies. Read more about key Calvert actions taken in cooperation with INCR.
Carbon Disclosure Project (CDP)
Since its inception, we have been a signatory to the CDP, which asks the world's largest corporations to disclose investment-relevant information concerning their GHG emissions. Backed with $55 trillion in assets from 475 global investors, the CDP is likely one factor behind announcements by several major banks (including JP Morgan Chase, Citigroup, and Bank of America) of actions to address climate change through lending. Read more about key Calvert actions taken in support of increased carbon disclosure.
United Nations Environment Programme Finance Initiative (UNEP FI)
UNEP FI works closely with over 170 financial institutions who are signatories to the UNEP FI Statements, and a range of partner organizations, to develop and promote linkages between the environment, sustainability and financial performance. Calvert participates and plays key roles in four UNEP-FI working groups: the Asset Management Working Group, the Climate Change Working Group, the Water Sector Working Group, and the North American Task Force. All working groups are engaged in making the case for improved corporate disclosure and management of climate change and ecosystem impacts. They are working to assess the financial and investment implications of climate change. Read more about each of the UNEP-FI working groups.
Corporate Engagement to Advance Shareholder Interests
Investors have a right and a responsibility to engage with companies on environmental, social, and governance (ESG) issues where shareholder value is at stake and improved performance is within reach.
Proxy voting and shareholder resolutions remain important tools for investors. As company shareholders, Calvert votes all proxies in accordance with our published Proxy Voting Guidelines (PDF) which clearly outline our position on environmental issues, including specific stances on climate change and water use issues. Additionally, as a shareholder with at least $2,000 of company stock held for one year, Calvert can file a resolution calling on a company to take a particular action. If not settled favorably and withdrawn beforehand, these resolutions may come to a vote in front of all shareholders at the company’s annual meeting. View highlights of some past climate change-related shareholder resolutions.
With Calvert's SAGE™ (Sustainability Achieved through Greater Engagement) approach, Calvert commits to "enhanced engagement" with a select group of companies in a SAGE fund—companies whose investment performance we believe can benefit from a sharper focus on certain areas of ESG-related risk or opportunity. Read more about how Calvert is pushing SAGE companies to respond to climate change.