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Laxman Pai, Opalesque Asia: Some 70 investors with $16 trillion in assets have developed recommendations for investing sustainably in major asset classes that seek to limit the rise in global temperatures to less than 1.5 degrees Celsius.
"The first-ever practical blueprint for "net-zero investing" has been issued by Institutional Investors Group on Climate Change (IIGCC), to help investors maximize the contribution they make in tackling climate change," said a press release.
The Net Zero Investment Framework provides a comprehensive set of recommended actions, metrics, and methodologies, which the following finalization, will seek to enable both asset owners and asset managers to effectively become 'net zero investors'.
Its primary objective is to ensure investors can decarbonize investment portfolios and increase investment in climate solutions, in a way that is consistent with a 1.5°C net zero emissions future.
An 'investment strategy' led approach, supported by concrete targets set at portfolio and asset level - combined with smart capital allocation, and engagement and advocacy activity - ensure investors can maximize their impact in driving real-world decarbonization. Four different asset classes - sovereign bonds, listed equities, and corporate fixed income and real estate - are covered by the framework, with others to follow.
"Countries, cities, and companies around the globe are committing to achieve the goal of net-zero emissions an...................... To view our full article Click here
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