Institutional investors are becoming increasingly concerned that climate change poses a serious challenge to their investments. Despite growing evidence produced by climate science, global emissions continue to increase, and national and international policy responses remain inconsistent. Thus, the urgency of action by investors, companies and policymakers on climate change continues to grow. This report provides the results of the second global survey of investment practices coordinated by the three investor networks on climate change – the IIGCC, based in Europe, INCR, based in North America and the Australia/New Zealand IGCC. The report provides an overview of the leading investment practices around the world on climate change and analyses the drivers for those practices.