The Institutional Investors Group on Climate Change (IIGCC) has released the final net zero infrastructure guidance for investors, taking the total number of asset classes covered by the Net Zero Investment Framework (NZIF) to five.
The document, which was created by IIGCC with assistance from network partners Asia Investor Group on Climate Change (AIGCC) and IGCC, offers advice for investors on how to align and manage infrastructure portfolios with the objective of attaining global net zero emissions by 2050 or earlier.
The CEO of IIGCC, Stephanie Pfeifer, said: “The new infrastructure guidance will be extremely valuable to those investors with net zero commitments and who have exposure to the asset class. That a number of investors who have set net zero targets have decided to follow the guidance is a positive sign and we look forward to seeing many more taking similar decisions.
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“We know that decarbonising infrastructure globally will be vital if we are to deliver net zero and that within this context investors have a pivotal role to play, not least owing to the level of investment held in the asset class.”
Reputable infrastructure investors, like DIF Capital Partners, have already adopted the guideline, which was made available for consultation in June 2022, in defining targets as part of the Net Zero Asset Managers (NZAM) effort.
In addition to these early adopters, asset owners and asset managers who have signed up for the Paris Aligned Asset Owners and Net Zero Asset Managers initiatives are urged to use this methodology to comply with their respective net zero commitment obligations.
Story was adapted from Enviro News
