IIGCC launches Net Zero Engagement Initiative to scale and accelerate climate-related corporate engagement

The Institutional Investors Group on Climate Change (IIGCC) has launched the Net Zero Engagement Initiative (NZEI), a new initiative to scale and accelerate climate-related corporate engagement. 93 investors have agreed to participate in the initiative including Church of England Pensions Board, Schroders and PGGM. By expanding the universe of companies engaged beyond the Climate Action 100+ focus list, including those across the demand side, the objective is to help investors align more of their portfolio with the goals of the Paris Agreement as set out by investor net zero commitments,…

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Leading investors representing $11 trillion call on banks to set enhanced net zero targets

A group of leading global investors has developed investor expectations for the banking sector through the Institutional Investors Group on Climate Change (IIGCC), calling on banking firms to set enhanced net zero targets for 2050 or sooner with interim targets to be included, scale up green finance and withdraw from projects that fail to meet Paris Agreement goals. The IPCC estimates that up to $3.8 trillion a year in investment is needed annually to achieve the low-carbon transition for supply-side energy system investments alone. The banking sector has a critical…

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