The IA publishes latest climate and nature policy report and sets out key commitments to support the green transition
The Investment Association (IA) has published its latest climate and nature policy report, ‘Financing Transition’. The report outlines the IA’s approach to climate change and nature-related policy, and its plans to galvanise effective policymaking to accelerate the transition to a low-carbon and climate-resilient economy, while also protecting and enhancing the natural environment and biodiversity.
To achieve these ambitious goals, the report recognises that a significant mobilisation of capital is now needed. It calls for increased focus on improving how firms conduct analysis of climate-related risks and opportunities, greater inclusion of nature and biodiversity-based commitments and a strengthened commitment to the International Sustainability Standards Board (ISSB).
Key commitments and policy asks from this year’s report include:
- Supporting credible, comparable and decision-useful environmental disclosures, including ISSB standards and transition plans. The IA will encourage policymakers working at different stages of the investment chain to ensure standards are meeting the needs of both retail and institutional investors.
- Fostering a dialogue between investment managers and asset owners on material environmental priorities, including nature and biodiversity
- Supporting the development of a range of approaches to scenario analysis to explore risks and opportunities in climate-related financial disclosures.
- Advocating for consistency and certainty in real economy policy to catalyse green investment opportunities, with a particular focus on the sectors and technologies that are important to the energy transition in the UK and globally.
- Improving public-private cooperation to enable greater use of blended finance and other models of transition finance.
Paul Scaping, Public Policy Specialist at the Investment Association, commented:
“Our latest report underscores the UK investment management industry’s commitment to the goals set out in the Paris Agreement and the importance of clearly communicating the work our industry is doing to unlock the significant capital needed to support the green transition.
“Investors have a fiduciary responsibility to act in the best interests of clients and beneficiaries to ensure long-term returns on savings and pensions. As part of this strategy, investors will consider the long-term risks and opportunities associated with climate change and other sustainability issues.
“The IA will continue to drive constructive dialogue with policymakers and asset owners to ensure that the UK can remain a world-leading financial centre that contributes to a low-carbon and nature-positive transition, where investors can focus on building the financial resilience of investments and delivering long-term value.”
Notes to Editor
Read the Investment Association's 2024 Climate and Nature Policy Report here.
For further information, please contact:
Helen Ayres, Head of Communications: [email protected]
T: +44 (0)20 7269 4620
Ellen Hodgetts, Communications Manager: [email protected]
T: +44 7548841289
Ismail Abdi, Communications Executive: [email protected]
T: +44 7596 872575
IA Press Office: [email protected]
About the Investment Association (IA):
- The IA champions UK investment management, supporting British savers, investors and businesses. Our 250 members manage £9.1 trillion of assets and the investment management industry supports 126,400 jobs across the UK.
- Our mission is to make investment better. Better for clients, so they achieve their financial goals. Better for companies, so they get the capital they need to grow. And better for the economy, so everyone prospers.
- Our purpose is to ensure investment managers are in the best possible position to:
- Build people’s resilience to financial adversity
- Help people achieve their financial aspirations
- Enable people to maintain a decent standard of living as they grow older
- Contribute to economic growth through the efficient allocation of capital.
- The money our members manage is in a wide variety of investment vehicles including authorised investment funds, pension funds and stocks and shares ISAs.
- The UK is the second largest investment management centre in the world, after the US and manages 37% of all assets managed in Europe.
