https://www.ipe.com/news/esg/un-climate-summit-asset-owners-commit-to-carbon-neutral-portfolios-by-2050/10033434.article
Nordic pension investors have committed to carbon neutral portfolios by 2050 as part of a new asset owner campaign.
Members of the alliance will set and publicly report on intermediate targets “in line with Article 4.9 of the Paris Agreement”, thereby holding themselves publicly accountable, according to a statement about the new initiative.
A spokeswoman said this meant the investors would be setting targets for the same points in time as countries will under the accord.
“The idea is that investors and countries can influence each other towards higher levels of ambition as they set such targets, especially when they set them in synchronicity, and when they proceed in lock-step,” she added.
Christopher K. Merker, PhD, CFA, is a director with Private Asset Management at Robert W. Baird & Co. He holds a PhD in investment governance and fiduciary effectiveness from Marquette University, where he has taught the course “Sustainable Finance” since 2009. Executive director of Fund Governance Analytics (FGA), an ESG research partnership with Marquette University, he is a member of the CFA Institute ESG Working Group, an international committee currently exploring ESG standards, publishes the blog,
Sustainable Finance, which covers current topics around governance and sustainability in investing, and is co-author of the book,
The Trustee Governance Guide: The Five Imperatives of 21st Century Investing.
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