Local Pensions Partnership Investments and 52 other institutional investors call for consistency on ‘corporate net zero alignment plans’ and director accountability on climate targets | Local Pensions Partnership (LPP)

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Local Pensions Partnership Investments and 52 other institutional investors call for consistency on ‘corporate net zero alignment plans’ and director accountability on climate targets

Leading investors are calling for new corporate governance measures to ensure shareholders can hold companies to account in achieving ‘net zero emissions commitments’.

At least a fifth of the world’s 2,000 largest public companies have committed to net zero targets, including 52% of the high-emitting companies engaged through the Climate Action 100+ initiative.

The lack of standardisation in commitments made to date poses a challenge for investors, who are increasingly looking to align their overall portfolios with net zero objectives, through initiatives such as Net Zero Asset Managers and the Paris Aligned Investment Initiative.

In order to achieve this, investors need to ensure that targets set by companies are robust and properly implemented, and that action can be taken where this is not the case. Otherwise, investors are more exposed to climate risk and efforts to transition to a net zero emissions future could be undermined.

Read the full article here.

Read the full IIGCC Investor Position Statement here.