What is a Net Zero Carbon 10 target?
The Net Zero Carbon 10 (NZC10) target helps funds better align investment policies with carbon-neutrality, not just emissions reduction. Some emissions are allowed, providing these are reliably offset. Despite the growing sense of urgency around tackling climate change, not enough sustainable fund managers are challenging company boards on their net-zero carbon emissions policies.
Few sustainable funds challenge company boards on strategies for net-zero carbon emissions. A systematic framework is needed.
The NZC10 target is based on the underlying climate requirement and will be developed following climate science under guidance from P1’s external ethical oversight committee. The target was presented as a poster at the Achieving Net Zero International Conference, 9-11 September 2019 at the University of Oxford. This allowed discussion about it with climate scientists as well as suggestions for its future development based on up-to-date developments.
Net Zero Fund Managment from P1
P1 has worked with four fund managers with total assets under management of just over £2.2 billion, who have committed to ensuring their sustainable funds meet the NZC10 standard. We encourage all other fund firms to contact us so they can sign up to help deliver positive change.
For more information contact us at [email protected]