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By Jon Hay
11 Mar 2021
This week 35 investors with $8.5tr of assets many of them UK and Nordic pension funds launched the Net Zero Investment Framework, a primer for investors wanting to decarbonise their portfolios. Faith Ward, chair of the Institutional Investors’ Group on Climate Change, answers some key questions for GlobalCapital about why the Framework is important and how it will be implemented.
The IIGCC is the association of 275 European investors that led the creation of the Net Zero Investment Framework. The 34 page document, which
GlobalCapital covered in detail this week, has also been endorsed by leading investor networks in north America, Asia and Australasia.Ward is also
Major investors apply net-zero alignment framework to $8trn of assets
A coalition of 35 big-name investors has become the first to apply a new net-zero investment framework to their portfolios, with $8trn of assets covered.
The framework is designed to help investors deliver long-term net-zero financed emissions goals
Among the first adopters of the Institutional Investors Group on Climate Change’s (IIGCC) framework are Scottish Widows, Aberdeen Standard, Brunel, Nest, Legal & General Asset Management, the Church of England Pensions Board and the Environment Agency Pension Fund. Collectively, the 35 initial adopters are applying the model to $8trn of assets.
The framework was first trialled in real-world scenarios in the second half of 2020, on portfolios totalling $1.3trn. It is designed to help investors assess how and when to divest from high-emitting companies without credible decarbonisation plans; engage with companies that are developing such plans, and invest in more pr
Blueprint published this morning by IIGCC sets out tools, policies, and targets that can help asset managers and owners achieve net zero financed emissions by mid-century
The prospect of investors exerting real pressure on companies to reduce greenhouse gas emissions, including divesting from big polluters, came a step closer on Wednesday with the release of the Net Zero Investment Framework, a map to guide investors on the journey to carbon neutrality.