UK based investment consultant Redington, which advises on over £500bn (€574bn) of assets, has announced that from today its default client advice will be aligned with the goals of the Paris Agreement.
The bold new commitment to align its default advice with achieving net zero emissions by 2050 is one part of the independent consultant’s seven-point climate action plan, through which it seeks to “integrate sustainability across its entire business”.
Redington estimates that aligning its default advice with Paris will result in “most clients” achieving a 50% reduction in carbon emissions by 2030.
Edwin Whitehead, Senior Vice President of Responsible Investment at Redington pointed to the developing “regulatory and legal environment” it is operating in as a UK company as a factor behind the move. “We just see the writing's on the wall, net zero is happening,” he said. "We’re in the transition decade, so we're transitioning our advice and we…