
Mirova and Robeco have partnered to develop a global database of 'avoided emissions'.
‘Avoided emissions are emissions that are avoided by product innovations and which contribute positively to carbon reduction.
The partnership will work with 11 other financial firms, including abrdn and Axa Investment Managers, to launch a call for expressions of interest to create a globally accessible common database of avoidance factors.
The database will also provide an estimation of emissions avoided by companies over a wide investment universe of listed companies.
Manuel Coeslier, lead expert of climate and environment at Mirova, said: "Clear and comprehensive information on companies' true contribution to the global net zero objective is essential. This includes a robust measurement of avoided emissions."