World Resources Institute
For Climate-friendly Passive Asset Management
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Amount$150,000
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Program
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Date Awarded11/2/2020
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Term12.0 Months
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Type of SupportProject
Strategies
Overview
The goal of this project is to help promote a large-scale decarbonization of passively held capital in U.S. retirement plans. The World Resources Institute aims to increase the capacity and willingness of carefully selected public and private retirement plans to invest in high-quality, Paris Climate Agreement-aligned, ESG passive equity products. In the case of defined contribution plans, the aim is for plans to incorporate these product(s) into default options. This would capitalize on the power of the default option to drive capital toward sustainable investments and harness the growing desire of thousands of U.S. workers to invest their retirement funds in sustainable options. (Substrategy: Climate Finance)
About the Grantee
Grantee Website
www.wri.org
Address
10 G Street NE, Suite 800, Washington, DC, 20002-4252, United States
Grants to this Grantee
for developing and implementing green and transition finance strategy in China
Using research-based approaches, World Resources Institute works globally and in focus countries to meet people’s essential needs, to protect and restore nature, and to stabilize the climate and build resilient communities. This grant will support the organization in catalyzing more transition finance to accelerate industrial decarbonization in China. It aims to support the finance market and policy readiness, while improving financial and corporate institutions’ ability to implement transition finance taxonomies in the petrochemical and cement sectors. (Substrategies: China National Policy and Industry)
for WRI China’s organizational planning and design
This grant aims to enhance WRI China's governance and build internal capacity to better support growth and impacts in the following 5-10 years.
for U.S.-China High-Level Dialogue on Energy and Climate Change
This grant to the World Resources Institute will fund the continuation of the Track II climate dialogue between senior nongovernmental advisors and former government officials from the U.S. and China. These talks provide the opportunity to raise and address issues in less formal forums and build trust for the time when climate policy is back on the agenda of the U.S. and China. The project will work with actors from across the political spectrum, with the aim of building ambition on both sides. This grant will support convening and analysis. (Substrategy: Multilateral)
