The investment industry has signalled its intention to play a role in the global climate transition.
Launched in December 2020 the Net Zero Asset Managers initiative has grown to over 120 investors managing $43trn – all committed to supporting the net zero goal and investing aligned with net zero carbon emissions. COP provides an opportunity for investors to consider how they can innovate in developing solutions to climate issues and in financing sector transition.
Institutional Investors Group on Climate Change CEO, Stephanie Pfeifer, commented on the popularity of the initiative: Nearly half of the global asset management sector has committed to achieving net-zero emissions with their clients across the funds they manage.
This marks a fundamental tipping point across the investment sector and a significant boost in efforts to tackle climate change and decarbonise the global economy. There’s a lot more to achieve, but the sector is increasingly on a path to a net-zero future.”
Investors increasingly recognise the threat posed by climate change
With so much to achieve to bring climate change under control, it can be difficult to know what we can do at an individual level. Investors have the power to put their money into companies that are actively working to limit climate change.
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The value of investments can go down as well as up and you may not get back the full amount you invested. The past is not a guide to future performance and past performance may not necessarily be repeated.
If you withdraw from an investment in the early years, you may not get back the full amount you invested. Changes in the rates of exchange may have an adverse effect on the value or price of an investment in sterling terms if it is denominated in a foreign currency. Taxation depends on individual circumstances as well as tax law and HMRC practice which can change.
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