INCR DIRECTOR Mindy Lubber Statement on new Mercer report “Climate Change Scenarios – Implications for Strategic Asset Allocation”

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INCR DIRECTOR Mindy Lubber Statement on new Mercer report “Climate Change Scenarios – Implications for Strategic Asset Allocation”

February 15, 2011

BOSTON – The following statement was issued today by Mindy S. Lubber, president of Ceres and director of the Investor Network on Climate Risk (INCR), a network of 95 institutional investors across North America managing more than $9 trillion in assets:

“Mercer’s report lends credence to a concern that the Investor Network on Climate Risk has been voicing for years. Climate change poses real costs and risks that are material to investment portfolios of pension funds and institutions around the world.

No prudent investor can disregard a risk as great as 10 percent on portfolio performance, no matter how nontraditional the source of that risk may be. At the same time, no prudent investor can ignore the potential for low-carbon investment opportunities that could be as high as $5 trillion by 2030.

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