LPPI has appointed Chronos Sustainability to support its planning for a partnership goal of achieving net zero portfolio emissions by 2050.
Chronos will provide advice, support, and practical assistance for developing LPPI’s net zero route map and implementation plan.
In September this year we announced our commitment to the goal of net zero portfolio emissions by 2050, recognising the risks and opportunities climate change and the global transition pathway pose for client pension funds. In November, The Institutional Investors Group on Climate Change (IIGCC) confirmed LPPI’s commitment to its Net Zero Asset Managers’ Initiative.
On behalf of the partnership and guided by the IIGCC framework LPPI will set interim (2030) targets as part of a broader Transition Plan which incorporates stewardship and engagement actions.
Frances Deakin, LPPI's Head of Responsible Investment, commented on the appointment:
“The energy transition presents a uniquely challenging 30-year investment context for our long-term portfolio management. Reaching net zero by 2050 is an appropriate but extremely challenging goal, requiring new data and expert advice.
“Working closely with Chronos will enrich our insights, inform our thinking and assist the development of a Transition Plan aligned with responsible investment, managing risks, identifying opportunities, and achieving positive outcomes for our client pension funds.”
If you would like to learn more about LPPI's responsible investment beliefs and activities, click here.
You can also read our current Responsible Investment Report.