Financial and scientific data shows us that our beneficiaries best financial interests are served through a timely, equitable and orderly transition to net zero emissions by 2050 to minimise the systemic risks of climate change. This requires transition of our economy towards alignment with the temperature goals of the Paris Agreement.
In 2023 we released a Climate Action Plan that aims to address these issues in alignment with our beneficiary concerns and best financial interests.
Nature loss and climate change are interconnected risks. The global economy could see shocks upwards of $5 trillion due to biodiversity loss and ecosystem damage, which act as risk amplifiers of the physical impacts of climate change.
We currently participate in the following initiatives on climate and nature:
- Climate Action 100+
- Nature Action 100+
- Finance Sector Deforestation Action
- Powering Past Coal
- Paris Aligned Asset Owner Initiative
- Institutional Investor Group on Climate Change
- Transition Pathway Initiative
We have reported against the Task Force on Climate related Financial Disclosures since 2021.
