January 2025: Five must-reads from 2024 for investors

With the holiday season behind us, it’s time to dive back into action ???

To help investors kick-start the year, we have shortlisted five-must read resources and insights from 2024. These materials are designed to support progress towards net zero commitments and support climate resilient investment.? ?

IIGCC updates the most widely used net zero guidance by investors?

• The updated Net Zero Investment Framework (NZIF 2.0) summarises three years of best practices shared by investors, collected from three years of implementation.??

• It converts these best practices into more than 40 potential actions an investor can take across seven asset classes.??

• The framework is designed to help investors consider how to operationalise and make progress against their individual net zero goals.

PCRAM provides valuable insights for climate resilience investment?

• The results of the first phase of the Physical Climate Risk Assessment Methodology (PCRAM), suggested a stronger and more resilient management of assets.??

• Case studies revealed how the methodology aided investors in integrating physical climate risks into their investment processes.??

• We followed this with a guidance, aiming to standardise risk assessment with a specific focus on infrastructure real estate investments.? ?

Governments may face greater legal scrutiny on climate action plans ahead?

• LSE’s Grantham Institute revealed that governments could see increased litigation challenging the ambition and implementation of their climate policy responses.??

• The study revealed that at least 230 new climate cases were filed in 2023, with many seeking to hold governments and companies accountable for climate action.??

• The report points to three possible future trends in climate litigation, especially a strong and growing divergence between the USA and other countries.??

Understanding the future of European competitiveness from a climate finance lens?

• Mario Draghi delivered his report on the future of European competitiveness in September 2024, setting a vision for a "new industrial strategy for Europe".???

• The former European Central Bank President and ex-Prime Minister of Italy identified the transition to net zero as one of the central drivers of the EU's future economic growth.??

• We dug deep into Draghi's recommendations and evaluated how they stacked against our EU Call to Action — a set of investor-led policy recommendations to advance the EU's climate goals.? ? ?

Is the UK well-positioned to take on a climate leadership role??

• A wave of recent domestic and international announcements signalled serious intent from the new government to re-establish the UK as a clean energy superpower and green finance capital.???

• We explored whether the current wave of action could cement leadership status as the UK announced plans to cut greenhouse gas emissions by 81% by 2035.??

• The Labour government put renewable energy at the top of the agenda in their manifesto and election campaigning — are they delivering??

?? If you found this useful, find out more about how to join us to be the first to hear about new resources, guidance and investor support. Visit iigcc.org for more information.