43 More Asset Managers Join The ‘Net Zero Asset Managers Initiative’
Dailycsr.com – 29 March 2021 – On March 29, 2021, asset managers who hold more than “$22.8 trillion of assets under management”, AUM, revealed that they have signed into the “Net Zero Asset Managers initiative”. The said initiative was launched in December 2020, while forty-three more asset managers are now joining which enhances the commitments towards supporting “net zero greenhouse gas emissions” goal of “2050 or sooner” whereby working in line to curb the rise of global temperature to “1.5 degrees Celsius”.
As per Cere’s press release:
“The Net Zero Asset Managers initiative now has a total 73 global asset manager signatories, representing $32 trillion in assets under management, representing more than a third (36%) of the total assets under management across the globe. The breadth of signatories signals the determination of investors to play their part in achieving a net zero and resilient future and the global significance of the Net Zero Asset Managers initiative”.
While, the chairman and chief executive of BlackRock, Larry Fink stated:
“The asset management industry plays an important role as an advisor, at the nexus between asset owners and corporations. Helping investors prepare their portfolios and capture investment opportunities on the path to net zero is one of our greatest responsibilities. BlackRock is proud to put its name behind this initiative, and I am encouraged to see the increasing momentum towards net zero across the public and private sectors.”
The Chairman and C.E.O of Vanguard, Tim Buckley added:
“Climate change represents a long-term, material risk to our investors’ portfolios. As a steward of our clients’ assets, we recognize the crucial role we and others play in driving real progress on climate risk over time. As part of our ongoing efforts to tackle this important matter, we will continue to engage with portfolio companies, industry regulators, and policymakers, and today we add our commitment to the Net Zero Asset Managers initiative. We look forward to helping drive collaborative and constructive dialogue across our industry to establish win-win solutions for long-term shareholder return and the goal of net-zero emissions by 2050.”
In the words of the chief executive of Lazard Asset Management, Ashish Bhutani:
“The climate crisis we face has societal and financial implications. We have joined the Net Zero Asset Managers Initiative to hold ourselves accountable to deliver on our responsibility to protect our clients’ portfolios from systemic risks such as climate change. Consistent with our fiduciary duty, we will work towards allocating capital to companies with long-term sustainable business practices to deliver better investment outcomes. In partnership with our clients, we will progress towards net zero emissions.”
Moreover, the signatories have also set forth “interim targets for 2030” and they are to submit their target “within a year of joining the initiative”. The signatories also make commitments towards transparency as well as “rigorous accountability”. Here are the names of the “new signatories” as mentioned in the press release of Ceres:
“Algebris Investments, Allianz Global Investors, APG Asset Management , Aviva Investors, BlackRock, Boston Common Asset Management, Boston Trust Walden, Brookfield Asset Management, Capricorn Investment Group, Cardano Holding Limited, Danske Bank Asset Management, Developing World Markets, FullCycle , Invesco Limited, J Safra Sarasin Sustainable Asset Management, JGP Gestão de Crédito & JGP Gestão de Recursos, Jupiter Asset Management, La Banque Postale Asset Management, La Financière de l'Echiquier , Lazard Asset Management, LGT Capital Partners, Lombard Odier Investment Managers (LOIM), Macquarie Asset Management, Maitri Asset Management, Majedie Asset Management, Mirova, Montanaro Asset Management, Newton Investment Management, Nissay Asset Management Corporation, NN Investment Partners, Nykredit Wealth Management, Pemberton Capital Advisors, Rathbones Greenbank Investments, Royal London Asset Management, RockCreek, SAM Investment Holdings, SEB Investment Management, Stafford Capital Partners, Standard Life Aberdeen, Storebrand Asset Management, Terra Alpha Investments, Tikehau Capital, and The Vanguard Group”.
References:
3blmedia.com
As per Cere’s press release:
“The Net Zero Asset Managers initiative now has a total 73 global asset manager signatories, representing $32 trillion in assets under management, representing more than a third (36%) of the total assets under management across the globe. The breadth of signatories signals the determination of investors to play their part in achieving a net zero and resilient future and the global significance of the Net Zero Asset Managers initiative”.
While, the chairman and chief executive of BlackRock, Larry Fink stated:
“The asset management industry plays an important role as an advisor, at the nexus between asset owners and corporations. Helping investors prepare their portfolios and capture investment opportunities on the path to net zero is one of our greatest responsibilities. BlackRock is proud to put its name behind this initiative, and I am encouraged to see the increasing momentum towards net zero across the public and private sectors.”
The Chairman and C.E.O of Vanguard, Tim Buckley added:
“Climate change represents a long-term, material risk to our investors’ portfolios. As a steward of our clients’ assets, we recognize the crucial role we and others play in driving real progress on climate risk over time. As part of our ongoing efforts to tackle this important matter, we will continue to engage with portfolio companies, industry regulators, and policymakers, and today we add our commitment to the Net Zero Asset Managers initiative. We look forward to helping drive collaborative and constructive dialogue across our industry to establish win-win solutions for long-term shareholder return and the goal of net-zero emissions by 2050.”
In the words of the chief executive of Lazard Asset Management, Ashish Bhutani:
“The climate crisis we face has societal and financial implications. We have joined the Net Zero Asset Managers Initiative to hold ourselves accountable to deliver on our responsibility to protect our clients’ portfolios from systemic risks such as climate change. Consistent with our fiduciary duty, we will work towards allocating capital to companies with long-term sustainable business practices to deliver better investment outcomes. In partnership with our clients, we will progress towards net zero emissions.”
Moreover, the signatories have also set forth “interim targets for 2030” and they are to submit their target “within a year of joining the initiative”. The signatories also make commitments towards transparency as well as “rigorous accountability”. Here are the names of the “new signatories” as mentioned in the press release of Ceres:
“Algebris Investments, Allianz Global Investors, APG Asset Management , Aviva Investors, BlackRock, Boston Common Asset Management, Boston Trust Walden, Brookfield Asset Management, Capricorn Investment Group, Cardano Holding Limited, Danske Bank Asset Management, Developing World Markets, FullCycle , Invesco Limited, J Safra Sarasin Sustainable Asset Management, JGP Gestão de Crédito & JGP Gestão de Recursos, Jupiter Asset Management, La Banque Postale Asset Management, La Financière de l'Echiquier , Lazard Asset Management, LGT Capital Partners, Lombard Odier Investment Managers (LOIM), Macquarie Asset Management, Maitri Asset Management, Majedie Asset Management, Mirova, Montanaro Asset Management, Newton Investment Management, Nissay Asset Management Corporation, NN Investment Partners, Nykredit Wealth Management, Pemberton Capital Advisors, Rathbones Greenbank Investments, Royal London Asset Management, RockCreek, SAM Investment Holdings, SEB Investment Management, Stafford Capital Partners, Standard Life Aberdeen, Storebrand Asset Management, Terra Alpha Investments, Tikehau Capital, and The Vanguard Group”.
References:
3blmedia.com
Companies