Climate reporting not yet backed by climate action
Ironically, the number of participants in the survey was lower than in the past, possibly because it was conducted during a period (mid September to December) when many fund managers were busy preparing their first reports under the climate-related disclosure (CRD) reporting legislation.
The third annual State of Net Zero Investment report by the Investor Group on Climate Change (IGCC), Centre for Sustainable Finance and Mindful Money looks at how investors are integrating climate risk into investment decision-making and investing in climate opportunities.
Last year’s survey drew 13 respondents; Climate Venture Capital Fund, Accident Compensation Corporation, NZ Super Fund, Booster, Simplicity, Annuitas Management, Tahito, Trust Waikato, BT Funds Management, Mint Asset Management, ANZ NZ Investments, JMI Wealth and the Bay of Plenty Community Trust.
Mindful Money co-CEO Barry Coates says the role of investors is crucial, both to drive climate action in New Zealand and to contribute capital for international action.
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