The Net Zero Asset Managers initiative is an international group of asset managers who have committed to support the goal of net zero greenhouse gas emissions by 2050 or sooner and is in line with global efforts to limit warming to 1.5 degrees Celsius. The initiative was launched in December 2020 and as of Oct 31, 2022, comprises 292 signatories who collectively manage more than US$67 trillion in assets under management—and US$18.4 trillion committed to net zero alignment.
The Institutional Investors Group on Climate Change is the European membership body for investor collaboration on climate change and the voice of investors taking action for a prosperous, low carbon future. IIGCC has more than 350 members, mainly pension funds and asset managers, across 23 countries, with over €51 trillion in assets under management. IIGCC’s mission is to support and enable the investment community to drive significant and real progress by 2030 towards a net zero and resilient future. This will be achieved through capital allocation decisions, stewardship and successful engagement with companies, policy makers and fellow investors. IIGCC works to support and help define the public policies, investment practices and corporate behaviours that address the long-term risks and opportunities associated with climate change.
The rapid uptake by asset managers and institutional investors across both these organizations (and others) illustrates the growing desire and urgency to collaborate in the fight against climate change in our industry.