Railpen's Net Zero Journey: 23% Aligned Assets, £1BN in UK Climate Solutions
Railpen, a UK pension fund, has made significant strides in its commitment to net zero. As of now, 23% of its assets are already aligned with this goal, with at least 70% of its holdings either aligned or under engagement. The fund aims to have 90% of its holdings aligned by 2030 and 100% in material sectors by 2040.
Railpen's portfolio emissions are set to decrease by 50% by 2030, thanks to its strategic investments. By 2025, the fund plans to reduce its emissions by 41%, with nearly £1 billion invested in UK climate change solutions. This includes a 50% stake in AGR Power, part of the £900m invested in UK infrastructure.
Adam Gillett, head of sustainable investment at Railpen, has noted the rising significance of systemic climate risk. The fund is deepening its focus on real-world emissions reduction, demonstrating a commitment to tangible change.
Railpen's progress towards net zero is substantial, with a 41% reduction in portfolio emissions achieved by 2024. The fund's investments in UK climate change solutions and infrastructure total nearly £1 billion, reflecting its dedication to combating climate change and ensuring a sustainable future.
