ESG Clarity’s Net Zero Database was launched to take a closer look at how asset managers are playing their part in the green transition.

Read the first analysis of the data here: Asset managers’ net-zero targets not showing real-world impact.

Scroll down for the full table of data

Methodology

Using data the Net Zero Asset Managers’ initiative (NZAM) published in May 2022, ESG Clarity looked through all 83 asset managers’ targets to establish how they are being set.

The signatories themselves are encouraged to use one or a combination of these methodologies for target-setting:

• Paris Aligned Investment Initiative’s Net Zero Investment Framework
• Science Based Targets initiative for Financial Institutions
• Net Zero Asset Owner Alliance Target Setting Protocol

ESG Clarity went beyond the methodologies chosen to the actual commitments themselves. Targets were grouped into six categories, four of which are generally used at the portfolio decarbonisation level:

  • absolute emissions reduction
  • emissions intensity reduction
  • temperature target and
  • net zero alignment for assets or emissions.

Two are classed by NZAM as “portfolio coverage” targets and here include:

  • engagement goals and
  • issuers themselves setting targets.

The NZAM initiative suggests groups use a variety of the above and recommends they use portfolio coverage targets that show real-world impact and portfolio decarbonisation targets.

Asset
manager
AUM
committed
($m)
% AUM
committed
Target:
Portfolio
decarb’n
– Absolute
emissions
reduction
Target:
Portfolio
decarb’n
– Emissions
intensity
reduction
Target:
Portfolio
decarb’n
– Temperature
target
Target:
Portfolio
decarb’n
– Net zero
assets or
emissions
Target:
Portfolio
coverage
– Engagement
Target:
Portfolio
coverage
– Issuer
targets
Scope 3
Clean
Energy
Ventures Management,
LLC
100100yesyespartial
Alquity
Investment Management
10094yesyesno
Terra Alpha
Investments
LLC
120100yesyes
GIB Asset
Management
1641.26yesyesyesyesno
Asteria
Investment
Managers
200100yesno
Valo
Ventures
200100yesyesno
FAMA
Investimentos
450100yespartial
Anaxis
Asset
Management
538100yesyesyesno
Developing
World
Markets
600100yesyesyes
BMO Global
Asset
Management (Canada)
7000.5yesyespartial
Ridgewood Infrastructure700100yesyesyesno
Inherent
Group, LP
74274yesno
EcoFin
Investments
130068yespartial
Sage Advisory1500152C (2030)yesno
JGP160022yes1.5C (2040)yesyes
Quinbrook
Infrastructure
Partners
1900100yesyes
ATLAS
Infrastructure
2000100yesyesyespartial
WHEB
Asset
Management
2030100yesyespartial
Rathbone
Greenbank
Investments
230080yesyesno
Trillium
Asset
Management
300060yespartial
Montanaro
Asset
Management
390070yesyesno
J. Safra Sarasin
Sustainable
Asset Management
34200100yesyesno
FSN Capital
Partners
4300100yespartial
Arisaig
Partners
(Asia) Pte Ltd
5000100yesyesyesno
Boston
Common
Asset
Management
560093yesyesno
Capricorn
Investment
Group
751973yesyes
Stafford
Capital
Partners
8100100yesno
BankInvest
Asset
Management
Fondsmæglerselsk
ab A/S
930043yesno
Boston
Trust
Walden
1180080yesyespartial
Algebris
Investments
1200057yesyes
BMO Global
Asset
Management
(EMEA)
1630012yespartial
La Financière
de l’Echiquier
1740050yespartial
LGT Capital
Partners
1880022yesno
CCLA
Investment
Management
1930050yesno
Sarasin &
Partners
1993071yesno
Lazard
Asset
Management
220009yespartial
Calvert
Research and
Management
2488069yesno
Mirova30000100yesyes
Coutts & Co3500089yesyesno
Generation
Investment
Management
36000100yespartial
a.s.r. Asset
Management
3600060yesno
Cardano45000100yesno
La Banque
Postale
Asset
Management
4800080yespartial
Lombard
Odier
Investment
Managers
49000701.5C (2030)partial
Santander
Asset
Management
5150027yesno
Nordea
Asset
Management
(NAM)
5540017yesyespartial
IFM Investors
Pty Ltd
5590043yesno
Russell
Investments
5740025yesyesyesno
DigitalBridge6000090yespartial
SEB
Investment
Management
6250050Yespartial
Nykredit
Asset
Management
78700100yesyesno
M&G
Investments
8000020yesno
Jupiter
Asset
Management
8180041.6yesno
Danske
Bank
8400068yesyespartial
Handelsbanken
Fonder AB
87000100yesyes
Robeco 8730040yes?
Allianz
Global
Investors
8800012yesyesno
Newton
Investment
Management
9300067yespartial
Storebrand
Asset
Management
120000100yesyesno
Van Lanschot
Kempen
123800100yesno
NN Investment Partners13350037yesyesno
Royal
London
Asset
Management
14600071yesyesyesyespartial
Swedbank
Robur
Fonder AB
14600067yesyesyesno
Brookfield
Asset
Management
14700033yesno
Nissay14800060yesno
Fidelity
International
(FIL)
15100035yesyespartial
Invesco19500012yesyesyespartial
Macquarie
Asset
Management
22960043yesyesyesno
abrdn23300030yespartial
UBS Asset
Management
23500020yesno
Asset
Management
One Co. Ltd.
273000531.5C (2030)yes
Vanguard2900004yesno
DWS Group 34400035yesno
Aviva
Investors
34600070yesno
Schroders
plc
396000601.5C (2040)no
Wellington
Management
43600032.4yesyespartial
APG
Asset
Management
44500061yesno
Insight
Investment
47500041yes1.5C (2040)yesyespartial
Massachusetts Financial
Services
57200090yespartial
State Street
Global Advisors
58270014yesyesyesno
AXA
Investment
Managers
65000065yesyesyespartial
Legal & General Investment Management (LGIM) 68800038yes1.5C (2030)partial
BlackRock730000077yesno
Maitri
Asset
Management
(Maitri)
NA 50yesyesyesno