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Laxman Pai, Opalesque Asia: Robeco's 2023 Global Climate Survey shows that this year slightly more investors have made, or are in the process of making, a public commitment to net zero by 2050 compared to last year (48% vs. 45%).
The study on how investors are approaching the opportunities and risks associated with climate change, the survey covers 300 of the world's largest institutional and wholesale investors in Europe, North America, Asia-Pacific, and South Africa, representing a total of around USD 27.4 trillion in assets under management.
They are now doing the hard work of implementation, thereby reshaping portfolios, said the survey.
The survey shows a lot of progress on materiality assessment with a majority of investors (55%) assessing the impact of their portfolios on carbon emissions. Scope 3 emissions, or indirect emissions such as business travel and waste disposal, remain a challenge, however, with only 20% of investors measuring these.
Also, only 27% have obtained a forward-looking view of investee companies' emissions pathways, which is critical to investment opportunities, engagement, and divestment decisions. The survey indicates a significant take-up of climate change scenarios with 25% of investors having either already integrated these into capital market assumptions or are likely to do so in the next 12 months. Furthermore, 29% have adopted or will adopt climate-tilted benchmarks over the next year.
Meanwhile, this year...................... To view our full article Click here
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