$8tr investors IIGCC Framework into practice

Asset owners with $1.2 trillion in assets have committed to achieve net-zero alignment by 2050 or sooner drawing on the Institutional Investors Group on Climate Change (IIGCC) Framework to deliver these commitments, alongside a number of asset managers who are already working with clients on net-zero alignment.

The Institutional Investors Group on Climate Change (IIGCC) launched its Net Zero Investment Framework to enable investors to maximise the contribution they make to decarbonisation of the global economy and tackling climate change.

This is achieved by ensuring investment portfolios are aligned with net-zero emissions and investors are working in a comprehensive manner to help deliver on the goal of the Paris Agreement to keep global warming below 1.5C. Building on IIGCC’s existing work to date, the finalised Framework is being published in partnership with other investor groups across North America, Asia and Australasia. It will be rolled out globally as the basis for investors worldwide to implement their net-zero strategies.

Investors, managing $8.5tr in assets – including both asset owners and asset managers – are already putting the Framework to practical use, including Scottish Widows, the Environment Agency Pension Fund, NN Group, New York State Common Retirement Fund, Royal London, National Grid UK Pension Scheme, the Church of England Pensions Board, PKA, Brunel Pension Partnership, Northern LGPS, PensionDanmark, AP2, Lloyds Banking Group Pensions Trustees Limited, Nest Corporation, Bundespensionskasse AG, AXA Investment Managers, DWS, Aberdeen Standard Investments, PIMCO, Legal & General Investment Management, Jupiter Asset Management, Robeco and Fidelity International.

“The global investment community has been called on to play its part in the transition to net-zero – and it is answering that call,” explains Stephanie Pfeifer, CEO, Institutional Investors Group on Climate Change. “This new swathe of net-zero commitments from asset owners demonstrates the growing determination from investors to make important decisions to support a net-zero and resilient future.”

Many asset managers using the Framework have also made net zero commitments through the Net Zero Asset Managers initiative launched in December, which is also delivered by IIGCC and partner investor groups5.

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