Climate investor group IIGCC unveils net-zero transition initiative


The Institutional Investors Group on Climate Change (IIGCC) has launched a climate initiative aimed scaling and accelerating climate-related corporate engagement.

According to ESG Today, the Net Zero Engagement Initiative was launched with a series of investor letters sent to 107 businesses, outlining expectations for credible net zero transition plans, such as aligned greenhouse gas emission targets, a decarbonisation strategy and emissions performance tracking.

The IIGCC said the new initiative aims to help enable investors to act on their net zero commitments to align their portfolios with the goals of the Paris Agreement.

The IIGCC remarked that the NZEI’s participating investors will develop an engagement strategy for each company, based on the responses to the letters, including “engagement sprints” focused on key pools of companies.

IIGCC CEO Stephanie Pfeifer said, “The Net Zero Engagement Initiative provides part of the solution to the greatest challenge facing investors who have made net zero commitments: how to deliver on these through engagement with companies.

“By building on other initiatives, including Climate Action 100+, and by scaling up engagement, the NZEI adds to the ‘how’. In doing so, the NZEI supports investors in the implementation phase of their net zero journey.”

A recent survey by Advanced has found that only 36% of UK senior decision markets list ESG as a business priority this year.

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