Corporate programme
Net Zero Engagement Initiative
27.03.23
IIGCC has launched the Net Zero Engagement Initiative (NZEI), to scale and accelerate climate-related corporate engagement. The new initiative aims to support investors align more of their investment portfolio with the goals of the Paris Agreement.
By expanding the universe of companies engaged beyond the Climate Action 100+ focus list, including those across the demand side, the objective is to help investors align more of their portfolio with the goals of the Paris Agreement as set out by investor net zero commitments, such as the Net Zero Asset Managers initiative and the Paris Aligned Asset Owners initiative.
The central ask of investor engagement via NZEI is a corporate net zero transition plan. 107 focus companies have been sent letters from a total of 93 investors outlining their expectations for a net zero transition plan (note: not all investors signed all letters). In line with the Net Zero Investment Framework (NZIF) corporate criteria, the key transition plan recommendations set out in the letter are: 1) a comprehensive net zero commitment; 2) aligned GHG targets; 3) emissions performance tracked; and 4) credible decarbonisation strategy.
To support this request, we recently published Investor Expectations of Corporate Transition Plans: From A to Zero. This aims to define the key components of a credible transition plan, relevant to companies of different sizes and applicable across a range of sectors and geographies, that are consistent with the requirements of investors implementing the NZIF.
You can find the following initiative resources below:
- Generic letter sent to companies
- Focus company list
- Investor signatory list
- Press release
- Insights blog
- Report: Investor Expectations of Corporate Transition Plans: From A to Zero
For more information, please email engagement@iigcc.org. If you are a member, please see here for additional member resources.
