05 October 2021
In May 2021, we took the important step of making our own net zero commitment. While GIG only invests in projects designed to accelerate the green transition, it’s important that all impacts are stated clearly, and commitments put in place to reduce even relatively small residual emissions. We also wanted to recognise that as our approach to accelerating the transition evolves, we’ll need to invest in new technologies and services, particularly where we can help clients and partners in high emissions sectors to decarbonise.
That’s why we committed to achieving net zero from financing activities associated with renewable energy projects by 2030 and to aligning the emissions of financing activities designed to decarbonise high emissions and non-renewable energy sectors with net zero by 2050.
We believe that net zero commitments require dynamic plans, evolving in line with science and market developments, so we will provide annual updates on our commitment, with detailed plans and progress updates in these annual Progress Reports, from now on. This year, you can learn more in the commitment to net zero section of this report.
Finally, I’d like to pay tribute to the phenomenal work of the GIG team in what’s been another extraordinary year. Over 450 people now work under the GIG brand across the globe from engineers, scientists and asset managers to finance, investment and structuring specialists. This diverse team, united by their commitment to accelerating the green transition, have created what I truly believe to be one of the most impactful businesses in the world.
At GIG, we’re resolute in our mission. And while we don’t yet know what the outcome of COP26 will be, the science has shown us what the outcome needs to be. Let’s make sure 2021 is remembered as the year we all stepped up and raised our ambition.
Global Head, GIG