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IMPORTANT INFORMATION
All data as at 31 December 2024, unless specified otherwise. This document is issued for information purposes only. It does not constitute the provision of financial, investment or other professional advice. We strongly recommend you seek independent professional advice prior to investing. The value of investments and the income derived from them may fall as well as rise. Investors may not get back the amount originally invested and may lose money. Any forward-looking statements are based on CCLA’s current opinions, expectations and projections. CCLA undertakes no obligations to update or revise these. Actual results could differ materially from those anticipated. All names, logos and brands shown in this document are the property of their respective owners and do not imply endorsement. These have been used for the purposes of this document only. CCLA Investment Management Limited (a company registered in England and Wales with company number 2183088), whose registered address is One Angel Lane, London EC4R 3AB, is authorised and regulated by the Financial Conduct Authority.
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Better environment
Climate-related public policy update
In 2024 we continued our efforts to influence climate-related public policy, both in the UK and overseas.
Seascape, Arnold Lodge | Courtesy of Koestler Arts
Transition Plan Taskforce
Transition Plan Taskforce
Progressive regulation and legislation will play a vital role in accelerating the transition to net zero. CCLA was represented on the Delivery Group of the UK government’s 2022–24 Transition Plan Taskforce (TPT), which was established by HM Treasury to develop the ‘gold standard’ for transition plans and to strengthen disclosure requirements across the UK economy. The TPT has set sector-specific guidance for mandatory disclosure on corporate transition planning, with CCLA’s Helen Wildsmith being part of the electricity sector working group. Mandatory transition planning in the UK was referenced in the Labour Party manifesto for the 2024 election, and responsibility for TPT’s work has been assumed by the International Sustainability Standards Board.
Powering Past Coal Alliance
Powering Past Coal Alliance
In March 2024, we joined the Glasgow Financial Alliance for Net Zero (GFANZ) workstream on public policy. GFANZ aims to champion the importance of national-level transition planning, focusing on how private finance can support these plans by ensuring they are both investable and attractive to private capital. The group has also been working to push for better outcomes and greater consistency in regulatory transition plan standards.
Since we invest globally, we also participate in other markets where we can influence systemic change. Since 2017 we have taken an active role in the Powering Past Coal Alliance (PPCA), co-chaired by the governments of Canada and the UK. This coalition of national and subnational governments, businesses and organisations works to advance the transition from unabated coal power generation to clean energy. The PPCA’s new Finance Principles were launched at the 29th United Nations Climate Change Conference (COP29), in 2024.
Glasgow Financial Alliance for Net Zero
Glasgow Financial Alliance for Net Zero
Institutional Investors Group on Climate Change
Institutional Investors Group on Climate Change
CCLA is part of the Institutional Investors Group on Climate Change (IIGCC) UK Policy Working Group, which was set up in early 2024. IIGCC published its ‘Call to action’ to the UK government in May 2024. It urged leaders to adopt a whole-of-government approach, laying out 10 critical policy measures, and called for a comprehensive green industrial strategy to support the decarbonisation of the economy.
Global Investor Statement to Governments on the Climate Crisis
Global Investor Statement to Governments on the Climate Crisis
We signed the 2024 Global Investor Statement to Governments on the Climate Crisis, which is considered the most comprehensive investor call for climate action to date. The statement has a greater emphasis on nature and calls for mandating climate-related disclosures. It also strongly advocates for a whole-of-government approach to achieving ambitious climate targets through implementing economy-wide policies and sector-specific strategies, particularly for high-emitting industries.
We will continue our direct and indirect policy activity and take further action to support businesses and governments in efforts to shift to a net-zero-emissions economy.