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Laxman Pai, Opalesque Asia: Institutional investors are increasingly setting decarbonization targets and taking stronger measures to address climate risk through all asset classes, said a study.
According to a survey by State Street Global Advisors (SSGA), 20% of investors globally have committed to a specific portfolio decarbonization target, but a further two-thirds say they will introduce them within the next three years.
The report is based on the views of more than 300 institutional investors with assets ranging from less than $1 billion to more than $20 billion, revealed that nearly half - 44% - cite their responsibility to drive the economic transition and help to solve the global climate crisis as their top motivator for climate investment strategies, slightly ahead of creating outperformance (41%) and mitigating investment risk (36%).
The majority of asset owners are taking deliberate action to reduce the carbon footprint of their portfolios. In total, over three-quarters (77%) of respondents were already taking (either targeted or non-targeted) action on decarbonization. It was not a focus for a mere 9% of respondents globally.
Almost three-quarters of European and APAC investors say they will introduce a defined portfolio decarbonization target within the next three years, and over three-fifths of North American investors intend to do so.
Decarbonization targets are set to surge across all regions over the next three years, said the report. Asset...................... To view our full article Click here
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