
Utility Management Group
Senior decision-makers come together to connect around strategies and business trends affecting utilities.
Shared Link
Global framework for investors to achieve net zero emissions alignment launched – $8 trillion investors put it into practice – IIGCC
Here's another framework to achieve net zero emissions by 2050. This one belongs to the Institutional Investors Group on Climate Change, which collectively manages $33 trillion in assets. The hope, at least, in such initiatives is that the threat of withholding investments will spur action. Unfortunately, this framework is self-reporting, meaning companies can choose the metrics for reporting. So, the funds or their constituents can greenwash their findings. There's also the question of putting money where your mouth is. Developing frameworks is the easy part; putting money towards climate change and ESG initiatives is the crux of the matter. CalPERs, America's biggest pension fund, put a measly $1 billion (from $366 billion in assets under management) for ESG initiatives in 2019. Still, its progress.
Global framework for investors to achieve net zero emissions alignment launched – $8 trillion investors put it into practice – IIGCC
Discussions
No discussions yet. Start a discussion below.
Get Published - Build a Following
The Energy Central Power Industry Network is based on one core idea - power industry professionals helping each other and advancing the industry by sharing and learning from each other.
If you have an experience or insight to share or have learned something from a conference or seminar, your peers and colleagues on Energy Central want to hear about it. It's also easy to share a link to an article you've liked or an industry resource that you think would be helpful.
Sign in to Participate