Earth Capital joins the Net Zero Asset Managers initiative
Date published: Tuesday, 6 July 2021
Earth Capital are proud to be a new signatory of the Net Zero Asset Managers Initiative today which is backed by a total of 128 global investors with over $43 trillion in assets. The initiative is accredited by the United Nations Framework Convention on Climate Change (UNFCCC) Race to Zero campaign. Among other steps, this will see the investors work with clients to reach net zero emissions alignment across their portfolios by 2050 or sooner and set interim 2030 emissions reduction targets.
Gordon Power, Co-Founder and CIO of Earth Capital, said: “At Earth Capital, we are proud to join the Net Zero Asset Managers initiative and support the transition to a more equitable and resource efficient economy. We look forward to collaborating with the wider investment community to achieve our common objective of global net zero emissions.”
The Net Zero Asset Managers initiative is managed globally by six founding partner investor networks: Asia Investor Group on Climate Change (AIGCC), CDP, Ceres, Investor Group on Climate Change (IGCC), Institutional Investors Group on Climate Change (IIGCC) and Principles for Responsible Investment (PRI).
The momentum secured over such a short period of time through investor participation in Net Zero Asset Managers, driven by the investor networks behind the initiative, is serving to normalise and mainstream changes required to drive progress towards net zero emissions.
Full details of the steps the investors commit to in joining the initiative can be found here.
Signatories are working to publish details of their individual emission reduction targets in achieving net zero alignment ahead of the COP 26 summit to be held in Glasgow in November later this year.