Net Zero Consultants Herald Improvements in First Report

The Net Zero Investment Consultants Initiative (NZICI) has published its first progress report, which claims progress by members in environmental performance and assessing asset managers’ climate approaches. NZICI was launched in September 2021 as an industry-led alliance of global investment consultants seeking to align operations and advisory services with a 1.5°C emissions trajectory. 2023 was the first year that members have formally reported against the initiative’s commitments. The report said members had made progress on the development and delivery of internal training programmes as well as client-facing materials focused on net zero, as well as developing tools to inform clients on decarbonisation progress. NZICI’s members include Bfinance, Cardano, Redington, and WTW, with a representative of each member forming a steering committee that oversees the initiative’s activities. The initiative is part of the Glasgow Financial Alliance for Net Zero, the world’s largest coalition of financial institutions committed to the net zero greenhouse gas emissions transition. “What comes out strongly in the 2023 reporting is a commitment to innovation, to joint efforts that develop and deepen work on net zero, and a commitment to translate ambition into practical tools and approaches,” the report said.  

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