ESG Clarity’s Net Zero Database

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	100	100				yes		yes	partial
Alquity Investment Management	100	94		yes		yes			no
Terra Alpha Investments LLC	120	100						yes	yes
GIB Asset Management	164	1.26	yes			yes	yes	yes	no
Asteria Investment Managers	200	100				yes			no
Valo Ventures	200	100	yes			yes			no
FAMA Investimentos	450	100						yes	partial
Anaxis Asset Management	538	100		yes		yes	yes		no
Developing World Markets	600	100				yes	yes		yes
BMO Global Asset Management (Canada)	700	0.5		yes		yes			partial
Ridgewood Infrastructure	700	100	yes				yes	yes	no
Inherent Group, LP	742	74		yes					no
EcoFin Investments	1300	68						yes	partial
Sage Advisory	1500	15			2C (2030)			yes	no
JGP	1600	22		yes	1.5C (2040)			yes	yes
Quinbrook Infrastructure Partners	1900	100		yes					yes
ATLAS Infrastructure	2000	100		yes		yes	yes		partial
WHEB Asset Management	2030	100	yes			yes			partial
Rathbone Greenbank Investments	2300	80		yes		yes			no
Trillium Asset Management	3000	60						yes	partial
Montanaro Asset Management	3900	70	yes					yes	no
J. Safra Sarasin Sustainable Asset Management	34200	100	yes	yes					no
FSN Capital Partners	4300	100						yes	partial
Arisaig Partners (Asia) Pte Ltd	5000	100		yes		yes	yes		no
Boston Common Asset Management	5600	93					yes	yes	no
Capricorn Investment Group	7519	73	yes						yes
Stafford Capital Partners	8100	100					yes		no
BankInvest Asset Management Fondsmæglerselsk ab A/S	9300	43		yes					no
Boston Trust Walden	11800	80		yes				yes	partial
Algebris Investments	12000	57						yes	yes
BMO Global Asset Management (EMEA)	16300	12		yes					partial
La Financière de l’Echiquier	17400	50		yes					partial
LGT Capital Partners	18800	22		yes					no
CCLA Investment Management	19300	50		yes					no
Sarasin & Partners	19930	71		yes					no
Lazard Asset Management	22000	9		yes					partial
Calvert Research and Management	24880	69		yes					no
Mirova	30000	100				yes			yes
Coutts & Co	35000	89		yes		yes			no
Generation Investment Management	36000	100						yes	partial
a.s.r. Asset Management	36000	60		yes					no
Cardano	45000	100		yes					no
La Banque Postale Asset Management	48000	80						yes	partial
Lombard Odier Investment Managers	49000	70			1.5C (2030)				partial
Santander Asset Management	51500	27		yes					no
Nordea Asset Management (NAM)	55400	17		yes			yes		partial
IFM Investors Pty Ltd	55900	43	yes						no
Russell Investments	57400	25		yes		yes	yes		no
DigitalBridge	60000	90				yes			partial
SEB Investment Management	62500	50	Yes						partial
Nykredit Asset Management	78700	100		yes		yes			no
M&G Investments	80000	20		yes					no
Jupiter Asset Management	81800	41.6		yes					no
Danske Bank	84000	68		yes			yes		partial
Handelsbanken Fonder AB	87000	100		yes					yes
Robeco	87300	40		yes					?
Allianz Global Investors	88000	12	yes	yes					no
Newton Investment Management	93000	67						yes	partial
Storebrand Asset Management	120000	100	yes				yes		no
Van Lanschot Kempen	123800	100	yes						no
NN Investment Partners	133500	37	yes			yes			no
Royal London Asset Management	146000	71		yes		yes	yes	yes	partial
Swedbank Robur Fonder AB	146000	67		yes		yes	yes		no
Brookfield Asset Management	147000	33	yes						no
Nissay	148000	60		yes					no
Fidelity International (FIL)	151000	35		yes		yes			partial
Invesco	195000	12		yes		yes	yes		partial
Macquarie Asset Management	229600	43		yes		yes	yes		no
abrdn	233000	30		yes					partial
UBS Asset Management	235000	20		yes					no
Asset Management One Co. Ltd.	273000	53			1.5C (2030)	yes
Vanguard	290000	4						yes	no
DWS Group	344000	35		yes					no
Aviva Investors	346000	70		yes					no
Schroders plc	396000	60			1.5C (2040)				no
Wellington Management	436000	32.4		yes				yes	partial
APG Asset Management	445000	61	yes						no
Insight Investment	475000	41	yes		1.5C (2040)	yes	yes		partial
Massachusetts Financial Services	572000	90				yes			partial
State Street Global Advisors	582700	14		yes		yes	yes		no
AXA Investment Managers	650000	65		yes		yes	yes		partial
Legal & General Investment Management (LGIM)	688000	38		yes	1.5C (2030)				partial
BlackRock	7300000	77						yes	no
Maitri Asset Management (Maitri)	NA	50		yes		yes	yes		no