We view climate change as the largest threat to our planet, ecosystems and communities. If unmitigated, it will lead to increased erratic weather patterns, higher sea levels, biodiversity collapse and unprecedented mass migration. Consequently, it is a material threat to medium and long-term shareholder value.
As a systemic threat that climate change poses to our society, climate risk is a material consideration for many of our investments. This is a critical issue for investors and we have long supported the effort to limit global temperatures to below 1.5 degrees.
We have committed to seek to achieve net-zero emissions for our listed equity investments under management no later than 2050.
Our climate pledge commitment
Act
Act to increase the pace of climate action by leading impactful engagements with the companies that we invest in and pushing policymakers for progressive regulation and legislation
Assess
Assess companies’ position against the energy transition as part of our investment process and avoiding those that do the most harm
Align
Align our portfolios with our clients’ requirements and disclose information about our approach to managing the risks and opportunities associated with climate change
Climate change is not just an environmental issue. The transition to a net-zero economy will cause unprecedented economic transformation and affect many people and communities whose livelihoods currently depend on the continuation of high-carbon, capital-heavy industries. For this reason we support the Just Transition, a movement that aims to ensure the continued prosperity, identity and dignity of people as we shift to a less carbon-heavy system.