As we are all asset owners in some form, we too can play a role in the change by making our expectations clear to our own financial advisors, institutions and superannuation funds.

“Addressing the climate and biodiversity crisis is not just about getting to net zero. It’s about the impact of that transition on people and communities… If we don’t mitigate the consequences and maximise the opportunities – particularly in relation to jobs and skills that that offers, the transition is simply not going to happen…”

We must drastically reduce emissions and stimulate nature to absorb more by restoring biodiversity – through afforestation and reforestation. To reverse the sharp decline, we have and continue to see in biodiversity by 2030, we need to address a funding gap of US$825 billion per year (this figure comes from ‘Financing Nature: Closing the Global Biodiversity Financing Gap’ by The Nature Conservancy).

The Paris Agreement defines net zero as achieving “a balance between anthropogenic emissions by sources and removals by sinks of greenhouse gases”. The IPCC’s report released in August 2021 stated that…“emissions of greenhouse gases from human activities are responsible for approximately 1.1°C of warming since 1850-1900… unless there are immediate, rapid and large-scale reductions in greenhouse gas emissions, limiting warming to close to 1.5°C or even 2°C will be beyond reach”.