PRI – in consultation with Climate Action 100+ signatory investors, aviation companies, and aviation sector technical experts – has developed a sector strategy to help signatories push for greater climate ambition from airline and aerospace focus companies. The strategy was a pilot for the Global Sector Strategies, a new workstream of the Climate Action 100+ initiative which is focused on decarbonisation at the sector level.
The strategy consists of recommended investor expectations to guide engagements with aviation companies and help them align with the goals of the initiative. These recommended expectations build 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.
Climate Action 100+ investor signatories are encouraged to use the recommended expectations to inform their engagements with aviation focus companies and ensure they are implementing robust decarbonisation plans.