Europe’s largest public sector pension fund, ABP, along with the National Trust, the Church of Sweden, and the South Yorkshire Pension Fund are among the six new investors to sign the Paris Aligned Investment Initiative’s Net Zero Asset Owner Commitment.
Established in May 2019 by the Institutional Investors Group on Climate Change (IIGCC), the initiative aims to enable investors to align their portfolios and activities to the goals of the Paris Agreement.
With these latest signatories, which also include Wiltshire Pension Fund and TPT Retirement Solutions, the asset owner group now stands at 28 investors with a combined AUM of $1.9tn. Earlier signatories include Nest, PKA, Scottish Widows, and AP2.
Through the Commitment, the pension funds will seek to decarbonise their investment portfolios by 2050 or sooner and increase investment in climate solutions, in line with a 1.5°C Net Zero emissions future. They will also need to set interim t…