A new report released this week has given insight into the “blind spots” of climate finance where uncertainty persists for investors.
The investment arm of Institutional Shareholder Services Inc. (ISS), ISS ESG, has this week released its Seeing Past the Blind Spots in Climate Finance report that looks at three “critical” areas – “the consequences of a world shifting from mitigating climate change to adapting to it, the meaning of a true Net Zero transition and legal and other issues surrounding companies viewed as obstructing climate protection”.
The new report follows this month’s release of ISS’ landmark report Net Zero by 2050, coined the “IEA NZE Roadmap”.
“In light of the IEA NZE Roadmap, investors must now anticipate an overhaul of many countries’ climate change action plans which will impact fossil fuel sector returns and investment stewardship strategies, while generating a new wave of clean energy investment opportunities, and sustainability bonds, as governments move towards accelerated targets,” head of climate solutions at ISS ESG, Viola Lutz, said.
The research also claims that investors and companies are “yet to confront the reality” of net-zero targets.
According to the report, emissions for a net-zero transition must be brought down far more than current policies require, while at the same time investing to remove greenhouse gas emissions.
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