Today, Sarasin & Partners became a founding signatory to the Net Zero Asset Managers initiative, which will see 30 asset managers, representing over $9 trillion of assets, commit to work in collaboration with clients to achieve the goal of net zero greenhouse gas emissions by 2050 or sooner.
As part of the initiative, asset managers signatories have committed to:
- Work in partnership with asset owner clients on decarbonisation goals, consistent with an ambition to reach net zero emissions by 2050 or sooner across all assets under management;
- Set an interim target for the proportion of assets to be managed in line with the attainment of net zero emissions by 2050 or sooner; and
- Review their interim target at least every five years, with a view to ratcheting up the proportion of AUM covered until 100% of assets are included
As Sarasin CEO Guy Matthews comments below, Sarasin is delighted to be part of this important initiative and we hope that other asset managers will join us in committing.
“Today’s launch of the Asset Manager Net Zero Commitment is an important milestone, and deserves the support of all asset managers. As stewards of savers’ assets, asset managers play a critical role in ensuring the Paris Climate Agreement actually gets delivered. We do this not just by channelling capital towards sustainable activities; but – critically – we can press investee companies to align their businesses with the Paris Climate Agreement. The more asset managers who sign this Commitment, the better our chances of protecting all of our futures. Surely, this is an investment proposition no one would turn down?”
To find out more about the initiative, visit https://www.netzeroassetmanagers.org/