PRI – in consultation with Climate Action 100+ signatory investors, aviation companies, and aviation sector technical experts – has developed an updated strategy setting out how the aviation industry can align with the IEA’s Net Zero by 2050 scenario, and the actions investors should take to accelerate the sector’s net zero transition.
In order to keep a 1.5°C outcome within reach, a massive, rapid scale-up of sustainable aviation fuels (SAF) is required, along with demand management measures and a shift from offsetting to absolute emissions reductions. Read PRI’s press release here.
Climate Action 100+ investor signatories are encouraged to use actions recommended by the report to intensify their engagements with aviation focus companies and ensure they are taking measures to align their decarbonisation strategies with a 1.5°C scenario.
The report is the latest in a series of Global Sector Strategies, a workstream of the Climate Action 100+ initiative which is focused on decarbonisation at the sector level. A pilot strategy for the aviation sector – Recommended investor expectations for net zero aviation – was published in January 2021, which aimed to guide investor engagements with aviation companies and help them align with the goals of the initiative.
These recommended expectations built on the PRI’s Investor Expectations Statement on Climate Change for Airlines and Aerospace Companies published in February 2020, and are also aligned with the Climate Action 100+ Net Zero Company Benchmark.
