For example, of the 18 issuers that were “Not aligned” at the end of the baseline year, 8 still belong to the same category while 8 have moved to the “Committed to aligning” and 2 to the “Aligned to a net zero pathway” category. [...] if the underlying assets of the portfolio are decarbonising their operations as opposed to attribution and The assets of the Scheme are all externally divesting the portfolio of high emitting assets.managed and the Scheme has appointed a Master Manager, Russell Investment, to oversee the external Underpinning the development of this work was rebaselining: managers under the guidance of the Trustee. [...] 2023) when looking at the aggregate changes in the carbon footprint for the sample portfolio from June 2021 to February 2023, the divestment effect was the 80.00 13.77 0.37 main driver of the carbon footprint reduction, with 70.00 a “negative” contribution to the portfolio emissions 60.00 58.10 amounting to a 59.5% decrease from June 2021. [...] The straight-line methodology used for listed of avenues, including: equities was not appropriate as the variability of Ќ External engagement partner, Robeco LPPI’s corporate bonds exposure is split between the portfolio means the Fund’s trajectory to the Ќ two funds, the LPPI Fixed Income Fund and the target is unlikely to follow a linear pathway and the Collaborative initiatives, for example the. [...] Combined, therefore, we had 42% of material sector emissions that were net zero, aligned, aligning, or It’s worth pausing for a moment to note the very Incentivise engagement: The second channel the subject of engagement, estimated using AUM, large increase in the proportion of assets that is that the target may help boost the level of in the base year.
Related Organizations
- Pages
- 44
- Published in
- United Kingdom
Table of Contents
- Rationale and development 3
- Using NZIF to set robust net zero targets and strategy Aegon UK 3
- Our targets 4
- An evolving strategy going forward 4
- Background 5
- Overview of Brunels net zero targets and strategy 5
- Overall Strategy 5
- Developing a target hierarchy for real world decarbonisation Brunel Pension Partnership 5
- Why Brunels targets were chosen target hierarchy 7
- Embedding the targets into Brunels net zero strategy 7
- Current progress against targets 7
- Background 8
- Embedding net zero targets into a net zero strategy Eurizon Capital 8
- Our targets 8
- From theory to practice How we set out targets 9
- The development of criteria to assess the degree of alignment of issuers 9
- Engagement Planning and prioritisation 9
- Correlation between alignment and engagement 10
- Progress as of 31122023 11
- Challenges and lessons learned 12
- Background 13
- Why conduct emission attribution analysis 13
- Methodology 13
- Implementation of an attribution analysis for decarbonisation Allianz 13
- Implementing emissions attribution analysis 14
- Conclusion 14
- Key challenges 15
- Background 16
- Targets 16
- Attribution 16
- Building an approach to attribution and rebaselining National Grid UK Pension Scheme 16
- Adjusting the baseline 17
- Future developments 18
- Background 19
- Our approach 19
- Developing internal guidelines for rebaselining Phoenix Group 19
- Implementing our guidelines 20
- Moving forward 20
- Objective 21
- Overview of the methodology 21
- Identifying emission reductions in the real economy PIMCO 21
- Hypothetical case study illustrating portfolio carbon attribution 22
- How the results may be used 24
- Background 25
- Real estate 25
- Implementing alignment and engagement strategies across multiple asset classes Local Pensions Partnership Investments 25
- Target setting 27
- Engagement strategy 28
- Listed equities 29
- Corporate fixed income 30
- Multi-asset credit 31
- Background 32
- Implementing the Net Zero Investment Framework 32
- Setting asset level targets using the Net Zero Investment Framework Comgest 32
- Engagement threshold 33
- Asset alignment target or portfolio coverage target 33
- Concluding remarks 35
- Background 36
- Setting an Engagement Target 36
- Using the Net Zero Investment Framework to develop an effective engagement programme KBI Global Investors 36
- Consequences 37
- Conclusion and next steps 38
- Background 39
- Tracking progress 39
- Engagement strategy 39
- Implementing a robust engagement strategy Nest Pensions 39
- Escalation 40
- Moving forward 40
- Index rationale and overview 41
- A fair assessment of governments transition to net zero Ninety Ones Net Zero Sovereign Index 41
- Methodology 42
- Filling the data gaps extending coverage 42
- Bringing it all together The Net Zero Sovereign Index scorecard 43
- Overall results 44
