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New Zealand Investors Stepping up to the Climate Challenge

Thu Nov. 4th 2021


While governments struggle to form consensus across 200 nations at COP26, it is more important than ever that business, finance and civil society take action to decarbonise. Investment has a powerful role to play. It is the shift of funding from pollution to the clean economy that will move markets. 
 
Globally, around half of all funds under management have signed net zero pledges to drive down the emissions in their investment portfolios. However, few New Zealand asset owners and fund managers have so far been at the forefront of climate action. This prompted Mindful Money to form a coalition of organisations to encourage and support investors to deepen their climate action - the Aotearoa New Zealand Investor Coalition for Net Zero.
 
Mindful Money undertook a baseline survey of New Zealand fund managers and asset owners on behalf of the coalition, to establish a baseline of current pledges, plans in progress and intentions to reduce climate emissions. The coverage included nine of the ten largest fund managers and an 75% of estimated total New Zealand funds under management. The survey revealed that 89% of fund managers and asset owners intend to reduce carbon emissions in their portfolios and sign up to net zero pledge under one of the UN-aligned initiatives. See the survey here.

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