What role can private finance play in the race for net zero carbon emissions?

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The role of private finance in the race for net zero carbon emissions will be explored during a high-profile free webinar on the Finance Day of the United Nations Climate Change Conference (COP26), on Thursday, November 4.

Organized by the
Aotearoa New Zealand Investor Coalition for Net Zero
and moderated by UK High Commissioner Laura Clarke, the webinar will include presentations by Bridget Coates, President of Toitū Tahua: Center for Sustainable Finance, Reserve Bank Governor Adrian Orr, NZ Super Fund CEO Matt Whineray and Investor Group on Climate Change Director Tom Arup.

The Aotearoa New Zealand Investor Coalition for Net Zero encourages asset owners and fund managers to engage in an established, credible international Net Zero initiative. The coalition is managed by a central group of organizations – Toitū Tahua: Center for Sustainable Finance, Mindful Money and Investor Group on Climate Change (IGCC) – with the support of the NZ Sustainable Business Council, the Sustainable Business Network, the Responsible Investment Association of Australasia and Toitū Envirocare.

Toitū Tahua President Bridget Coates will present the webinar: “New Zealand is interconnected with global markets and our largest companies have known for some time that they need transition plans with science goals to maintain access to global capital. Our investors and fund managers are no exception, with many of the world’s largest owners and asset managers signaling their commitment to net zero.

“This 90-minute webinar will unveil the role of private finance in achieving our collective goals for a zero carbon economy. New Zealand fund managers have invested hundreds of billions of dollars locally and globally. Redirecting that money from declining industries and investing in sustainable solutions is an extremely powerful tool in our global efforts to reverse climate change. “

The webinar will feature a panel discussion on the role of fund managers in achieving net zero carbon emissions by 2050 with:

  • Pathfinder Asset Management CEO John Berry vows to act quickly
  • Matt Whineray, CEO of the NZ Super Fund, on the imperative to act
  • Isabelle Huther, analyst at Westpac NZ and BT Funds, on commitments in the investment sector

Mindful Money CEO Barry Coates, coordinator of the net zero coalition, will present information from a survey of top investors based in Aotearoa, New Zealand, highlighting the results of the first collaboration of the
Aotearoa New Zealand Investor Coalition for Net Zero.

Mr. Coates says New Zealand’s investment finance industry has the opportunity to catch up with global market trends. “Globally, net zero pledges now total more than US $ 8.5 trillion in funds under management for asset owners and US $ 43 trillion for asset managers. However, the survey finds that there are only five New Zealand signatories and less than $ 50 billion in assets under management.

“The New Zealand coalition was created to accelerate climate action for investors. It recognizes the need for a New Zealand-based effort to encourage and support asset owners and fund managers to reduce emissions from their portfolios and commit to a goal of net zero.

“In our common goal of creating a sustainable financial system in New Zealand, the coalition aims to encourage a critical mass of New Zealand asset owners and fund managers to join the global Race to Zero movement, making commitments credible net zero and taking action to meet them. The baseline survey, which will be released at the launch event, reveals that a number of New Zealand fund managers are considering making the transition. “

© Scoop Media


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