![]() That said, NGUKPS has an ambition to increase these targets over time as confidence around the data improves. This is due to the expectation that the baseline will fluctuate as coverage improves. We note that the target set above is below the current baseline. Section B: Of our investments in ‘material’ sectors, 20% will be either Type 1 (already at net zero GHG emissions), Type 2 (aligned to net zero) or Type 3 (aligning to net zero).Employees can start accruing the benefit at 3 years of service. Through the 'defined contribution plan', National Grid gives employees a lump sum of money (a of lifetime earnings) upon retirement, assuming the minimum years of service is met. Section A: Of our investments in ‘material’ sectors, 20% will be either Type 1 (already at net zero GHG emissions), Type 2 (aligned to net zero) or Type 3 (aligning to net zero). Current Program Manager in Waltham, MA, Massachusetts.Target by 2025: Proportion of assets in material sectors expected to meet at least “aligning” criteria as follows: We therefore expect the baseline to fluctuate considerably as coverage improves. Having said that, data coverage remains poor with approximately 50% of the portfolio still needing to be classified. Based on this assessment the proportion of material sector assets meeting at least aligning criteria is 32% and 29% of Section A and Section B respectively. A reduction in this measure over time (assuming the amount invested does not fluctuate) does directly translate to a reduction in absolute emissions.īaseline performance: NGUKPS has assessed the proportion of assets meeting at least ‘aligning’ criteria. In particular, NGUKPS is adopting a 50% reduction in emissions intensity by 2030 pathway to align with the IPCC’s modelled global pathways in which CO2 emissions are reduced to Net Zero globally around 2050, with no or limited overshoot.Įmissions metrics: The finance emission target used above is based on absolute carbon emissions scaled by £mn invested. Methodology/ net zero scenarios: NGUKPS has used the Paris Aligned Investment Initiative Net Zero Investment Framework (NZIF) to set the target and assessed the alignment to a 1.5☌ pathway. But as we look to the future, we must make. We rely on it to keep us safe, to keep our hospitals running, our schools open and our water flowing. We use it to light and heat our homes, to power our computers and phones, to keep us connected with work and loved ones. GHG scopes included: Target setting currently only includes scope 1 and 2, with plans to include scope 3 over time, in line with the Net Zero Investment Framework recommendations.Īsset classes in scope: Listed Equities and Corporate Fixed Income.Ĭurrently working on incorporating Real Estate with further details to follow. Energy is vital to every aspect of our lives. ![]() Target(s): Target by 2030: Reduction of 50% CO2e/£mn invested ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |