INVESTOR ACTIONS TO ALIGN AVIATION WITH 1.5°C

PRI has published an updated sector strategy on aviation, setting out the actions investors should take to accelerate the sector’s transition to net zero

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.

 

Updated March 2022

AVIATION SECTOR STRATEGY RESOURCES

INVESTOR ACTIONS TO ALIGN AVIATION WITH 1.5°C

This report sets out actions investors should take to accelerate the aviation sector’s transition to net zero, which includes a massive scale-up of sustainable aviation fuels, demand management measures, and a move away from carbon offsetting.

Landscape Report

A comprehensive assessment of the aviation sector, including an analysis of its climate impacts, an in-depth exploration of how the sector could decarbonise, and a detailed evaluation of what actions would be needed to achieve this.

Case Studies

Examples of activities aviation companies have undertaken to date that could help align them with the recommended investor expectations for the sector.

INVESTOR INTERVENTIONS TO ACCELERATE NET ZERO STEEL

Explore what is needed to overcome the challenges to achieving the net zero transition in the steel sector from companies, industries and investors.

Find out more