A successful collaborative effort among global asset owners on a subject as complex as climate change can only be possible if the two following conditions coexist on a continual basis:

  1. Clear “buy in” at the institutional level;
  2. Clear mandate to appropriate executive(s) for execution (“heavy lifting”).

To ensure coordination on both levels, all interested IIR organizations are invited to appoint contact persons in investment strategy (“horizontal decision-making”) and implementation (“vertical decision making”):

  1. “Horizontal” leaders (on strategy): are senior investment executives whose mandate is focused on setting priorities at the institutional level around cross-asset class strategy, e.g. CIOs, head of investment strategy, etc.); and
  2. “Vertical” leaders (on implementation): are senior investment executives responsible for the implementation of the institution’s strategy in this collaborative effort.

A detailed explanation of IIR’s approach is included here