Investor Insight ACCR at Responsible Investment Standards & Expectations Webinar
ACCR Chief Scientist, Dimitri Lafleur, speaks to the urgency of transitioning the global economy.
ShareAction has released its first guidance paper in a series that set out Responsible Investment Standards & Expectations (RISE). It recommends actions that asset managers can - and should - take in today's investment environment to work towards being a truly responsible investor.
This first paper sets out how asset managers can set interim net zero targets to ensure we are not exceeding the carbon budget for each stage. Overspending the carbon budget in the near-to-medium term would significantly steepen the challenge achieving a 1.5C future.
Interim targets should:
underpin the commitment to increase coverage to 100% of assets under management
primarily report on absolute emissions
disclose underlying contributions from portfolio companies
calibrate the ambition to reflect the geographical mix of the portfolio
Our Chief Scientist, Dimitri Lafleur, joined the webinar accompanying the release of the first report. He talks about the economic and environmental urgency of transitioning the global economy.
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ACCR’s climate program aims to accelerate the energy transition to a low carbon economy in line with the Paris Agreement. We engage with listed companies on their climate risk disclosure and the need to set emissions reduction targets consistent with the Paris Agreement, and we also push for reviews by listed companies of their industry associations’ climate policy advocacy.