New data from independent investment manager Twelve Capital shows that reinsurers are leading the way in terms of some net zero targets within the wider financial industry, with 50% having adopted operational 2030 targets, compared with just 18% in the sector more broadly.
But despite this stand-out figure, Twelve Capital maintains that “more urgency is needed” across the board, and says there “is no path to net zero” without first addressing a major investment gap that will require the reallocation of capital by financial institutions.