Climate change: 'The clock is ticking', Prince Charles warns
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The Prince of Wales has urged pension funds to set net zero targets and support a transition to a circular economy.
Speaking at the Pensions and Lifetime Savings ESG conference on Wednesday, he said: "Frankly I'm fed up with all the talking. We know now what needs to be done. Big global investors are telling me there is no shortage of money… now we need to put some of this back into supporting nature’s own capital."
He asked pension fund representatives to add their names to the list of signatories to the Terra Carta initiative, a charter launched in January that aims to put sustainability "at the heart of the private sector".
"It is more clear than ever that human health, economic health and planetary health are fundamentally interconnected and that we must find ways to build back sustainably," he said, saying businesses and investors should embed greenhouse gas reductions within in-house decision making processes.
Speaking at the Pensions and Lifetime Savings ESG conference on Wednesday, he said: "Frankly I'm fed up with all the talking. We know now what needs to be done. Big global investors are telling me there is no shortage of money… now we need to put some of this back into supporting nature’s own capital."
He asked pension fund representatives to add their names to the list of signatories to the Terra Carta initiative, a charter launched in January that aims to put sustainability "at the heart of the private sector".
"It is more clear than ever that human health, economic health and planetary health are fundamentally interconnected and that we must find ways to build back sustainably," he said, saying businesses and investors should embed greenhouse gas reductions within in-house decision making processes.
"This is not about making money on the one hand and being sustainable on the other. It is all about recognising that business as usual is no longer an option," he added. "Those organisations placing people and planet at the heart of value creation will be the ones to succeed. I would be most grateful if we could join forces, join up all the dots and waste no more time. The clock is ticking and it really is up to us to make each day count."
