Net Zero Asset Managers Initiative Adds 41 Members

    Stockholm (NordSIP) – At the start of July, the Net Zero Asset Managers Initiative announced it had added another 41 asset managers (AMs) to the ranks of its members. The additional signatories mean a total 128 investors, collectively managing US$43 trillion in assets, are now part of the initiative. The latest signatories take the initiative close to representing almost half of the entire asset management sector globally in terms of total funds managed

    The asset managers joining the initiative today include Amundi, 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 uptick in the number of Asian managers now part of the initiative.

    “The position that we occupy as the investment management industry is one of unique influence. By way of intelligent and considered stewardship of capital we have the potential to effect genuine and positive change,” Saker Nusseibeh, CEO, International at Federated Hermes said. “Conversely, collective inertia risks compounding the crisis we face to an irreversible extent. It is for these reasons that we have a responsibility to make the right choices, to the benefit of our clients, their end beneficiaries and indeed society at large. We are proud to join the Net Zero Asset Managers initiative as a demonstration of our commitment to accelerate the transition to global net-zero emissions,” Nusseibeh added

    Launched only in December 2020 the Net Zero Asset Managers initiative aims to support the goal of net-zero greenhouse gas emissions by 2050 or sooner, in line with global efforts to limit warming to 1.5°C and support investments aligned with net-zero emissions by 2050 or sooner.

    “We are excited to make the commitment to the Net Zero Asset Managers Initiative alongside the growing community of signatories,” Jenny Johnson, CEO and President of Franklin Templeton, said. “We approach our journey with the clear acknowledgement that we must commit to finding the data and solutions to help us achieve global net-zero emissions by 2050. We will work toward this goal in a spirit of authentic engagement and partnership with our clients and stakeholders, in keeping with our belief that good stewardship as a global asset manager means managing and allocating capital to benefit our clients across generations.”

    “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,” Nicolas Moreau, CEO at HSBC Asset Management added.

    Image by Sasin Tipchai from Pixabay

    Filipe Albuquerque
    Filipe is an economist with 8 years of experience in macroeconomic and financial analysis for the Economist Intelligence Unit, the UN World Institute for Development Economic Research, the Stockholm School of Economics and the School of Oriental and African Studies. Filipe holds a MSc in European Political Economy from the LSE and a MSc in Economics from the University of London, where he currently is a PhD candidate.

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