Railpen Aims for 50% Emission Cut by 2030, 90% Net-Zero Alignment
Railpen, the £35 billion railway pension fund, is making significant strides in reducing its portfolio's emissions and aligning investments with net-zero targets. By 2030, it aims to cut emissions by 50% and ensure that 90% of its holdings are net-zero aligned.
Currently, 23% of Railpen's assets are aligned with net-zero, with at least 70% of holdings either aligned or under active engagement. By 2040, the fund targets 100% alignment in material sectors. Railpen is deepening its focus on real-world emissions reduction, having invested nearly £1bn in UK climate solutions and £900m in UK infrastructure, including a 50% stake in AGR Power.
Adam Gillett, head of sustainable investment at Railpen, has noted the rising systemic climate risk. Since 2024, Railpen has successfully reduced its portfolio emissions by 41%.
Railpen's commitment to sustainability is evident in its ambitious targets and substantial investments. By 2030, it expects to have significantly reduced its emissions and aligned its portfolio with net-zero goals, demonstrating a proactive approach to climate change.
