A European group of global investment managers and pension funds has devised an ambitious plan to cut their portfolios down to net-zero carbon . The Institutional Investors Group on Climate Change includes more than 1,200 members in 16 countries. Together, they control over $40 trillion in assets. The group distributes its recommended measures to asset managers to help them reach the European Union’s goal to be climate -neutral by 2050. Its policies are based on a framework developed with more than 70 funds around the world. As investors focus more on sustainability, especially since the Paris Climate Agreement, they’ve begun to pressure their asset managers to cut the carbon in their portfolios. “Countries, cities and companies around the globe are committing to achieve the goal of net-zero emissions and investors need to show similar leadership,” Stephanie Pfeifer, IIGCC’s chief executive officer, said in a statement. IIGCC’s agenda is lengthy. A few points include analyzing the latest policy developments for members, developing policy positions, collaborating with like-minded global and European bodies, and facilitating workshops and roundtables with peers. Decarbonizing the world’s economy is an overwhelming task. Before a slight pandemic-related blip downward, global coal demand was at an all-time high. […]

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.