Forty-one asset managers representing $9 trillion – including Investible, HSBC Asset Management, Amundi, Sumitomo Mitsui Trust Asset Management and MFS Investment Management – have joined the initiative and committed to work with clients to reach net-zero emissions alignment across their portfolios by 2050 or sooner.
The initiative was only launched in December and now takes it close to “representing almost half of the entire asset management sector globally in terms of total funds managed”.
“As early-stage investors, tomorrow is paramount in our thinking,” Investible chief executive, Rod Bristow, said.
“Taking positive action on climate change and achieving net zero is the only option.
“As responsible stewards of capital we see our responsibility as investing wisely, mitigating risks and delivering strong investor returns. These are essential principles to building a resilient, renewable economy.
“We look forward to aligning with investors, startups, educators and the public sector as we strive toward this ambitious but essential goal.”
HSBC CEO, Nicolas Moreau, added: “As the world moves to a net zero carbon future, we are committed to playing our part in addressing climate change, both as a business and as stewards of our clients’ assets.
“HSBC Asset Management is proud to be part of this important initiative and contribute to an industry-wide push to achieve net zero emissions by 2050.”
Neil Griffiths
Neil is the Deputy Editor of the wealth titles, including ifa and InvestorDaily.
Neil is also the host of the ifa show podcast.
