Net zero – trustees’ fiduciary duties and the new climate regulations
Net zero refers to achieving balance between the amount of greenhouse gas (GHG) emissions produced and the amount of GHG removed from the atmosphere. When human activities add no more GHG emissions than we take away, we reach net zero. Achieving net zero is vital to tackle climate change by reducing global warming. What we do in the next decade to limit emissions will be critical to the future.
Stuart O’Brien’s article in Pensions Management Institute’s Environmental, Social & Governance Report 2022 considers the legal aspects trustees should address, including fiduciary duties, as well as how net zero fits with the new climate regulations, metrics and targets.
You can read the full article here on pp. 28 – 30.