Net zero capability rest in hands of largest asset owners

Net zero capability rest in hands of largest asset owners: The world’s 100 biggest asset owners, valued at over $23 trillion (£17.2tn), hold the most powerful capital on the planet and consequently the key to unlocking net zero future.

This is according to a new study by Thinking Ahead Institute (TAI), which has discovered that pension funds account for the majority of this, bearing 58.1% of global assets.

The study says that out of these 100 asset owners, only 14 are dedicated to attaining net zero & out of the top 20, there are Just 3.

It is urging asset owners to immediately take charge of the climate crisis by more effectively investing their capital in sustainability & climate mitigating measures by emphasising they ‘hold the keys to the castle’.

The report shows that if ‘a torrent of net zero aligned capital’ is freed up it might not only have unprecedented effects on progression towards a net zero planet but also increase revenue streams in the end.

“This relatively small group of investors are right on the front line of the investment community’s fight to become net zero and their power is even more concentrated among the top 20, which are responsible for nearly $13 trillion (£9.7tn), stated Roger Urwin, Co-Founder of TAI.

“The research highlights how some asset owner groups have attempted to overcome these impediments by ‘maturing’ their governance, investment and sustainability models and revamping their organisational purpose & architecture.

“As part of this they have built their capacity to innovate in readiness for the transformational change that is imminent and other asset owners should take note.”

Net zero capability rest in hands of largest asset owners

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