Credible Net Zero Transition Plans

Climate-focused investor organization the Institutional Investors Group on Climate Change (IIGCC) announced today the launch of the Net Zero Engagement Initiative (NZEI), kicking off with a group of 93 investors, aimed at scaling and accelerating climate-related corporate engagement.

The initiative was launched with a series of investor letters sent to 107 companies, outlining expectations for credible net zero transition plans, including recommendations for comprehensive net zero commitments, aligned greenhouse gas emissions targets, emissions performance tracking, and a credible decarbonization strategy.

According to the IIGCC, the new initiative aims to help enable investors to act on their net zero commitments to align their portfolios with the goals of the Paris Agreement.

Stephanie Pfeifer, CEO, IIGCC, said: ..