Interview: The IIGCC's Rachel Ward on why sustainable finance is on the verge of a step change

The financial risks attached to climate are alarming European institutional investors and 40 of the most vocal, members of the Institutional Investors Group on Climate Change (IIGCC) last week urged EU governments to agree a 2050 net zero emissions target to keep global warming below 1.5°C.

Rachel Ward, head of policy at IIGCC, which represents European asset owners and managers with €28 trillion in assets, conveyed her members’ sense of urgency but also of optimism that sustainable finance is on the verge of a step change when she talked to ENDS at COP25. Net zero by 2050 “is roughly consistent” with the 1.5°C goal in the Paris agreement and for institutional investors “it sets that long-term legal trajectory so they are certain about the path the EU is following,” she explains.

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