Ethical Partners is proud to be part of over 40 collaborations across the investment industry and with civil society. We believe it is crucial for investors to collaborate, as we see collaboration as both a powerful way to compel companies and policy makers to address issues, but also to advance conversations on these issues amongst the investment community and assist the investment community to learn from each other.
As such, we have recently signed on to a handful of new collaborations and initiatives, including the Investor Alliance for Human Rights and the Investor Statement on Corporate Accountability for Digital Rights
We have also recently signed on as a TCFD Supporter, reflecting our commitment to the TCFD’s recommendations, and our continuous engagement with companies on implementing TCFD reporting.
Our most recent signatory collaboration is the Global Investor Statement to Governments on the Climate Crisis, which was released recently. We are proud to be one of 457 investors, managing more than US$41 trillion in assets, who have signed the statement. This statement urges a global race-to-the-top on climate policy and calls for all governments to undertake five priority actions before COP26 in November, as below:
1. Strengthen their Nationally Determined Contributions (NDCs) for 2030 in line with limiting warming to 1.5°C;
2. Commit to a domestic mid-century, net-zero emissions target and outline a pathway with ambitious interim targets including clear decarbonisation roadmaps for each carbon-intensive sector;
3. Implement domestic policies to deliver these targets, incentivise private investments in zero emissions solutions and ensure ambitious pre-2030 action; including: "the removal of fossil fuel subsidies by set deadlines, the phase out of thermal coal-based electricity generation by set deadlines in line with credible 1.5°C temperature pathways, the avoidance of new carbon-intensive infrastructure (e.g. no new coal power plants) and the development of just transition plans for affected workers and communities."
4. Ensure COVID-19 economic recovery plans support the transition to net zero emissions and enhance resilience; and
5. Commit to implementing mandatory climate risk disclosure requirements aligned with the Task Force on Climate-related Financial Disclosures (TCFD) recommendations.
At Ethical Partners we echo these calls and look forward to continued collaborations and shared advocacy on these issues with fellow concerned investors.
Please see attached the investor statement to Global Governments on the Climate Crisis.
Ethical Partners are pleased to see Australia take the next steps to implement mandatory climate reporting with the release of draft climate standards, which we provided feedback on.
Ethical Partners have continuously called for the provision of high quality, comparable data on company’s climate governance and carbon metrics, which we believe is imperative for investors to fulfil the potential of responsible investment.
Ethical Partners have been proud to have been active supporters of the TNFD Forum over the past few years, and to provide regular feedback on the development of the official TNFD recommendations, which were launched in December, as well as to be active members of the RIAA Natural Capital Working Group.