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- Anita Marangoly George
Trillions of dollars in investments by large asset manager firms are now aligned with the “net-zero” approach. Increasingly, asset managers are turning to dedicated net-zero supportive financial products while also voting against boards that show insufficient evidence of their business line commitment to net-zero approaches. A group of 128 signatories representing $48 trillion in assets have signed onto the Net Zero Asset Managers Initiative since its launch in December 2020, and the group is a central player in the discussions among investors ahead of the United Nations November 2021 COP26 meeting. What is the thrust of the new sustainable finance criteria to finance the energy transition? What frameworks are needed for emerging economies like India to access sustainable financing and funds that lower the cost of capital for clean energy projects? How will the financial strategies of energy companies to fund projects and operations evolve under the new frameworks of sustainable finance and climate reporting? How important will carbon offsets be in the new business models emerging out of the energy transition?