New ten-year private sector-focused initiative launched to back deeper Australian emissions reductions
14 October 2020
A new ten-year, private sector-focused initiative – backed at launch by 16 institutional investors with over $850 billion collective assets under management as initial participants – will support and act towards deeper emissions reductions for Australia.
Climate League 2030 asks participants to support efforts to drive a further reduction in annual greenhouse gas emissions of at least 230 million tonnes on top of what is already projected for the end of the decade, and pledge at least one new action each year under three themes:
- Integration of Paris-aligned emissions reduction goals into investment policies or business strategies.
- Collaboration between investors, clients and companies to deliver emission reductions.
- Investment in new clean energy, clean technology and other projects and measures that reduce Australian emissions.
Major institutional investors, Aware Super, Cbus, IFM Investors and the Queensland Investment Corporation have joined Climate League 2030 as foundational supporters.
Institutional investors also participating at launch include Aberdeen Standard Investments, AustralianSuper, Australian Ethical, HESTA, Impact Investment Group, Lendlease Funds Management, Local Government Super, New Forests, Pendal Group, Pollination, UniSuper and the Victorian Funds Management Corporation.
Over coming months Climate League 2030 will also be progressively opened to insurers, banks and companies to participate.
Read the full media release
Visit the Climate League 2030 website
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