Asset Manager Legal & General Investment Management America (LGIMA), and the US-based nonprofit environmental advocacy group Environmental Defense Fund (EDF) announced today a new collaboration aimed at fostering emissions reductions across industries and business sectors by promoting climate-aligned investing and corporate engagement for action towards net zero goals.

Through the new collaboration, LGIMA and EDF will call on business leaders to advocate effective policies and regulations to deliver at-scale emissions reductions, push for increased corporate climate action in areas ranging from methane emissions and flaring to vehicle electrification, and help to meet the increasing demand for ESG-aligned investment options.

Ben Ratner, Associate Vice President of EDF+Business, EDF’s corporate engagement division, said:

“Investors have a tremendous opportunity to accelerate corporate climate progress by aligning their voices and choices with the concrete actions needed to actually achieve net zero.”

LGIMA and EDG stated that they will initially prioritize opportunities for corporate climate engagement within the on oil and gas, and transportation sectors. Looking forward, they will also explore the creation of net zero aligned funds to deliver attractive returns and help lower emissions.

John Hoeppner, Head of US Stewardship and Sustainable Investments at LGIMA, said:

“LGIMA and EDF share the conviction that asset managers have the opportunity and the responsibility to use their market power to accelerate climate pledges into climate progress, shifting the needle towards a net zero future. With shareholders and regulators increasingly demanding transparency and leadership from the private sector, climate action has become a business imperative.”