Many investors have pledged high-level support to the goals of the 2015 Paris Agreement, but the “Net Zero Investment Framework” is the first to lay out the steps they need to take to ensure the commitment is backed up by the necessary action. Reuters Newsagency reports specific targets could include increasing the percentage of assets invested in low-carbon passive indexes and ensuring the leaders of investee companies link pay to climate-related targets.
“Countries, cities and companies around the globe are committing to achieve the goal of net zero emissions and investors need to show similar leadership,” said Institutional Investors Group on Climate Change (IIGCC) Chief Executive Stephanie Pfeifer. Developed with input from 70 global investors, including bond giant PIMCO and Dutch pension investor APG, the plan sets concrete targets at the portfolio and asset class level and also addresses asset allocation, engagement and lobbying.
The first phase of the framework, which will now go out to consultation, covers listed equities, credit, sovereign debt, real estate and strategic asset allocation.
Source: Econews
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