Net Zero
By signing the Net Zero Asset Managers initiative, we have committed ourselves to making our own portfolio climate neutral by 2050. This also entails an intensified dialogue with the emissions-intensive industry.
Editorial "Net Zero"
In order to slow down climate change and limit global warming to 1.5 °C as set out in the Paris Agreement, greenhouse gas emissions must be radically reduced. According to scientific calculations, this can only be achieved if global carbon emissions reach their peak level before 2030 and then fall to net zero by around 2050.
197 governments have committed to the Paris climate targets, with a slightly lower number of around 130 countries targeting net zero emissions by 2050. This is a race that involves great challenges. With the so-called Green Deal, the European Commission hopes to create a resource-efficient, competitive economy that achieves the target of net zero emissions of greenhouse gases by 2050 and decouples economic growth from the use of resources. It is thus crucial for many companies to rally behind these ambitious goals and move ahead their own pathways to achieving net zero emissions. Naturally, it is particularly important to bring on board the companies that cause very high carbon emissions due to their high energy consumption. First and foremost, this applies to heavy industry. (Raiffeisen Capital Management on the way to Net Zero)
These efforts are also under way in Austria. With its climate and transformation offensive, the Austrian federal government has launched a EUR 3 billion programme aimed at energy-intensive companies. The objective is to develop and build pilot plants that can help decarbonise operations and later be scaled up for industrial applications. When it comes to building industrial facilities, Austria has a great track record, massive know-how, and global players.
In parallel with this, the companies in the industrial sector are also pursuing their own strategies, but they are hitting their limits, especially with regard to infrastructure. In addition to robust power grids, there is also a need for pipelines to transport hydrogen and carbon dioxide. This is a Herculean task, which requires forward-looking planning and quick action "On Strategies to Achieve Net Zero".
We have also committed to the goal of achieving net zero by 2050. By signing the Net Zero Asset Managers initiative in December 2022, we have taken on the obligation to make our own portfolio climate neutral by the middle of this century. Part of this also involves intensifying our dialogue with emissions-intensive industries, with the goal of driving companies forward in the process of transformation and helping to achieve net zero. We are thrilled to be part of this great undertaking and play an active role in creating a more sustainable world
Dieter Aigner
Managing Director of Raiffeisen KAG, responsible for fund management and sustainability
The path to Net Zero
Investors like Raiffeisen Capital Management play a special role in the fight against climate change, as they have wide-ranging opportunities to facilitate the process of transformation, on the one hand via their investments on the capital market and on the other hand via their communication with clients, companies, and other stakeholders.
Climate strategy of Raiffeisen KAG
Raiffeisen KAG believes it has a responsibility to make an adequate contribution to combating the climate crisis and, as a financial market participant, to actively support the necessary transformation. The most important goals for this path are formulated in the climate strategy.
Economic growth goes green
Although the Inflation Reduction Act represents a key measures in the fight against climate change and is thus clearly a welcome development, it has caused considerable consternation in Europe. The recently introduced package of measures by the EU, called 'Green Deal Industrial Plan,' is all the more important.
Climate alliances of the financial industry to achieve climate goals
Limiting global warming to 1.5 °Celsius, in line with the Paris Agreement, requires a significant reduction in global greenhouse gas emissions. Government measures alone will not be adequate to achieve this. The private sector plays a key role in this regard.
Corporate Voices on the topic of Net Zero
A continuous dialogue with numerous companies on the topic of net zero represents an important part the shareholder engagement activities of Raiffeisen Capital Management’s fund management. Contact was made with around 70 firms which are frontrunners in their respective sectors in relation to climate protection, inquiring about their climate targets.
Issue on the topic of "Net Zero"
In this issue, Raiffeisen Capital Management looks at opportunities and strategies to achieve Net Zero by 2050.
Invest sustainably
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