iigcc net zero asset managers

Net Zero Asset Managers Initiative is an international group of asset managers, united by a commitment to the goal of net zero greenhouse gas emissions by 2050 or sooner, in line with global efforts to limit global warming to 1.5°C, and to supporting investing aligned with reaching that goal by 2050 or sooner. “In order for investors to play their role, we need to be able to meaningfully compare different company strategies whilst recognising that there is no one size fits all approach. Climate leadership is becoming core to how many public pension funds, endowments, and other asset owners select asset managers. Larry Fink, Chairman and CEO, BlackRock: “The asset management industry plays an important role as an advisor, at the nexus between asset owners and corporations. This book aims to further the debate on new sustainability thinking in the built environment, by bringing together a selection of short contributions from thought leaders in the UK and the rest of the world (USA, China, India, Australia, NZ ... The international investor-led forum has three key areas of focus: Driving net zero investing commitments - by asset managers through the Net Zero Asset Managers initiative and by asset owners through the PAII Net Zero . Oil and gas. The Net Zero Asset Managers initiative founded by the AIGCC, CDP, Ceres, IGCC, IIGCC and PRI, now has a total 73 global asset manager signatories, representing $32 trillion in assets under management, that is to say, more than a third (36%) of the total assets under management across the globe. Additional quotes from founding partner network CEOs: Rebecca Mikula-Wright, Executive Director of the Asia Investor Group on Climate Change, said: “As we head towards COP26 every new commitment counts, and we expect to see more of these pledges and the actions that will follow from asset managers active in Asia. Offers an inside look at the politics and science surrounding global warming; efforts by the oil, gas, and automobile industries to refute environmental research findings; and international attempts to pass environmental legislation. More than 70 IIGCC members, representing over US$16 trillion in assets under management (AUM), have engaged in the initiative to date. The current state of the climate: what the IPCC... Initiative supported by investors representing USD $55 trillion sets... $14 trillion investors call for consistency on ‘corporate net... Net Zero Asset Managers initiative announces 41 new signatories,... © 2021 Institutional Investors Group on Climate Change Ltd. All Rights Reserved. This 9th edition of the UN Environment Emissions Gap Report assesses the latest scientific studies on current and estimated future greenhouse gas emissions and compares these with the emission levels permissible for the world to progress on ... Brookfield Asset Management is one of 43 asset managers that today committed to become Net Zero by 2050 or sooner by joining the $32trn Net Zero Asset Managers Initiative - tripling the size of the project.The Canadian investment house found itself in hot water last month when its Vice Chair of Head of ESG and Impact Fund Investing, Mark Carney, claimed it was already a Net Zero company . The 14 new signatories, which collectively manage nearly $5 trillion in assets and include the world’s third largest asset manager State Street Global Advisors, join 73 other signatories in committing to reach net zero greenhouse gas emissions by 2050 or sooner and to set interim targets for 2030. The Paris Aligned Investment Initiative enables investors across the globe in supporting a net zero and resilient future. The number of signatories has nearly tripled and the total assets under management have quadrupled since the launch. With 43 new signatories to the initiative, 73 of the world’s leading asset managers are now committed to meeting significant targets in this vital decade. Net Zero Asset Managers Initiative Triples in Assets Under Management as 43 New Asset Managers Commit to Net Zero Emissions goal, Leading investors representing $11 trillion call on banks to set enhanced net zero targets. Additional quotes from the new signatories: Paul Robinson, Founder, Alquity Investment Management, said: “At Alquity, we have always believed that how we deploy our capital shapes our societies. A double volume of the influential author's first and last written works includes the bitter satire "Basic Training" and the unfinished final novel, "If God Were Alive Today." Net Zero Asset Managers Initiative is an international group of asset managers, united by a commitment to the goal of net zero greenhouse gas emissions by 2050 or sooner, in line with global efforts to limit global warming to 1.5°C, and to supporting investing aligned with reaching that goal by 2050 or sooner. Pennine Place All the content on the Hub is fully . Cross programme. "Net zero by 2050 is an ambitious goal - not least as we all seek better data. Net zero is a new challenge for all of us and, in line with LPFA strategic intent, collaboration will be important to us in reaching our goal. Tuesday 8th June 2021. As fiduciaries and responsible stewards of our clients’ capital, we’re fully committed to collaborating with investment managers, peers, and policymakers on this journey to net zero.”, Bob Smith, President and CIO of Sage Advisory, said: “What we do in the next decade to limit emissions will be critical to the future, which is why every country, sector, industry, and each one of us must work together to find ways to cut the carbon we produce. We welcome the new signatories announced today and encourage all asset managers to join us in driving real world change aligned with the goals of the Paris Agreement.”, Fiona Reynolds, Chief Executive Officer of PRI, said: “It’s encouraging to see the momentum for net-zero commitments from the asset management sector and it’s critical that this momentum continues as we approach COP26 and beyond. 2a Charing Cross Road In August 2020, IIGCC published a consultation on a Net Zero Investment Framework ('the Framework'), which was developed through the PAII. We are pleased to join the Net Zero Asset Managers initiative, and to collaborate with our clients and the companies we invest in, to further accelerate this transition towards global net zero emissions.”. Separately, the IIGCC's PAII and the UN-convened Net-Zero Asset Owner Alliance are in discussions about further aligning approches to achieving net . Until now, a net zero club of asset managers has been notable by its absence, despite the best efforts of investor groupings including Principles for Responsible Investment (PRI), Institutional Investors Group on Climate Change (IIGCC) and Ceres. Kat Sutton, Director of Communications, IIGCC Last December, ESG Clarity reported groups representing $9trn of assets under management (AUM) have signed . ABP - which is Europe's largest public sector pension scheme by assets under management - has today committed to decarbonising its portfolio using the Net Zero Investment Framework (NZIF). There are currently over 330 members, including some of the largest pension funds and asset managers across 22 countries, representing around €39 trillion in assets under management. And the time to act is now. The Net Zero Asset Managers initiative is managed globally by six founding partner investor networks: Asia Investor Group on Climate Change (AIGCC), CDP, Ceres, Investor Group on Climate Change (IGCC), Institutional Investors Group on Climate Change (IIGCC) and Principles for Responsible Investment (PRI). More information on Fast Strategy and the area of strategic agility can be found on the authors' website: www.strategicagility.com/ Railpen announces roadmap to become net zero by 2050 or sooner. We use cookies to ensure that we give you the best experience on our website. He has been heavily involved in the Institutional Investors Group on Climate Change, including co-drafting the SAA chapter for the new Net Zero Investment . The programme teams work in strategic partnership with investors supporting, enabling and showcasing their role in the realisation of the transition to net zero in support of the goals of the Paris Agreement. We believe it is most likely to be achieved if we collaborate, including with our clients, peers and suppliers. The development of the Net Zero Investment Framework is a big step forward. Our climate demands it, and our clients deserve it.”, Scott Tierney, Managing Partner, Valo, said: “Innovators and investors aligned together are our best strategy to achieve net zero.”, Samuel Adams, CEO, Vert Asset Management, said: “Climate change is the challenge of our time so reducing emissions should be the goal of all stakeholders. The IIGCC framework is well suited to this collective endeavour, as we manage risks, identify opportunities, and support positive and permanent change." Pension funds, investment and retail banks, insurance companies, asset managers, and . Drawn from across the world, the new signatories to the Net Zero Asset Managers initiative are: Algebris Investments, Allianz Global Investors, APG Asset Management , Aviva Investors, BlackRock, Boston Common Asset Management, Boston Trust Walden, Brookfield Asset Management, Capricorn Investment Group, Cardano Holding Limited, Danske Bank Asset Management, Developing World Markets, FullCycle , Invesco Limited, J Safra Sarasin Sustainable Asset Management, JGP Gestão de Crédito & JGP Gestão de Recursos, Jupiter Asset Management, La Banque Postale Asset Management, La Financière de l’Echiquier , Lazard Asset Management, LGT Capital Partners, Lombard Odier Investment Managers (LOIM), Macquarie Asset Management, Maitri Asset Management, Majedie Asset Management, Mirova, Montanaro Asset Management, Newton Investment Management, Nissay Asset Management Corporation, NN Investment Partners, Nykredit Wealth Management, Pemberton Capital Advisors, Rathbones Greenbank Investments, Royal London Asset Management, RockCreek, SAM Investment Holdings, SEB Investment Management, Stafford Capital Partners, Standard Life Aberdeen, Storebrand Asset Management, Terra Alpha Investments, Tikehau Capital, and The Vanguard Group. London, WC2H 0HF. The Institutional Investors Group on Climate Change (IIGCC) launched the 'Net Zero Investment Framework', to maximise investors' contribution to the decarbonisation of the global economy and climate change. The initiative is managed globally by six founding partners: Asia Investor Group on Climate Change (AIGCC), CDP, Ceres, Investor Group on Climate Change (IGCC), Institutional Investors Group on Climate Change (IIGCC) and Principles for Responsible Investment (PRI). @ IIGCC.org of this year, according to JPMAM co-founder of Net Zero can we really do about the:! Change just as climate change addresses areas such as ambition, targets, strategy... Really do about the climate: what the main motivation is sets minimum expectations for what must be in... Will also commit to transparent and rigorous accountability behalf iigcc net zero asset managers our greatest responsibilities however, for the Framework has developed... 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