New survey finds investors continue to mainstream climate response as COVID-19 fails to dent progress
2 October 2020
Australian and New Zealand investors are increasingly mainstreaming their climate change responses by applying dedicated strategies and targets to portfolio-wide and specific asset classes over and above responsible investment offerings, a new survey has found.
The IGCC 2020 Net Zero Investment Survey canvasses the views of 38 participants from superannuation funds, asset managers and sovereign wealth funds representing $1.5 trillion in assets under management about their current and future appetite for climate change-aligned investments.
It is the fourth survey of its kind undertaken by the Investor Group on Climate Change (IGCC). The 2020 survey was carried out in August amid the market and social disruption of the COVID-19 pandemic.
“A commitment to a net zero emissions target by 2050 would ensure the Australian economy is aligned to trends in global capital markets and the climate and energy policies that are emerging among our major trading partners. Investors will continue to work with the Federal Government to ensure Australia is set on a Paris-aligned transition pathway through the Technology Investment Roadmap and Long Term Emissions Reduction Strategy.”
Read the full media release
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