Net Zero Asset Managers initiative announces 41 new signatories

Written by Adam Cadle

14/07/2021

The Net Zero Asset Managers initiative has expanded to 128 investors managing $43trn with 41 new asset managers, representing $6.8trn in assets joining.

Among other steps, this will see the investors work with clients to reach net-zero emissions alignment across their portfolios by 2050 or sooner and set interim 2030 emissions reduction targets.

The asset managers joining the initiative today include Amundi, Sumitomo Mitsui Trust Asset Management, Franklin Templeton, MFS Investment Management, HSBC Asset Management and the International Business of Federated Hermes among others. New signatories based in North America and Europe are joined by a marked increase in the number of Asian managers now part of the initiative.

Launched only in December 2020 the latest signatories take the initiative close to representing almost half of the entire asset management sector globally in terms of total funds managed.

Related Articles