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Investors With $14T AUM Heighten Expectations For Corporate Net Zero Plans And Accountability

Investors With $14T AUM Heighten Expectations For Corporate Net Zero Plans And Accountability (Credit: Pexels) In a July 30 statement by The Institutional Investors Group on Climate Change (IIGCC), 53 leading investors with more than $14 trillion in assets under management (AUM), are raising the bar on corporate net zero commitments by asking companies to “disclose a net zero transition plan, identify the directors responsible for the plan, and provide a routine vote on the implementation of the net zero transition plan.”  With this new request, the IIGCC is escalating expectations with corporate net zero goals, aiming to ensure that companies’ climate action plans are aligned with achieving the Paris Agreement’s net zero goal and reducing global GHG emissions by 45% by 2030 from 2010 levels. Currently, about one-fifth of the world’s 2,000 largest public companies have committed to net zero targets, though detailed plans to achieve commitments are often limited.

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