Reducing carbon intensity of the assets we invest in
We are committed to reducing the carbon intensity of the assets we invest in by 50% by 2030 vs a 2019 baseline.
Engaging with highest financed emitters
We are committed to voting and engaging with our investee companies to drive change and transition our real assets. We will engage with our highest financed emitters across equity and credit holdings seeking transparency on progress against clear transition milestones assessed against relevant standard such as the Climate Action 100+ net zero benchmark. We will divest from these companies where, after two years, we consider insufficient progress has been made against the transition milestones set, unless it is not in line with the mandate.
Investing in line with the goals of the Paris Agreement
Providing net zero solutions
We are committed to increasing the proportion of assets flowing into our net zero directed investing solutions. Around 30% of our AUM is currently expected to be managed in line with net zero 2050. We aim to increase this by continuing to develop net zero solutions across all asset classes, actively engaging with our clients as well as shifting the abrdn fund range to support net zero goals – starting with a review of the carbon targets within our Article 8 and 9 funds.
FAIRR Sustainable Proteins collaborative engagement
FAIRR is a global network of investors addressing ESG issues in protein supply chains. ASI is actively involved in collaborative engagements with FAIRR, including with Woolworths Group, where we are seeking to ensure protein diversification and sustainability of supply chains, understanding climate change impacts of meat and dairy products and reducing carbon emissions.
Integrating climate change into our investments
ASI has put in place a comprehensive, global approach to integrating climate change considerations into investment decisions, including in our Australian portfolios. This includes:
- Governance oversight: Climate Change Strategy Group and sub-working groups
- Disclosure: TCFD reporting
- Approach: Formalised climate change approach
- Research: External and internal
- Engagement and voting: Collaborative and direct climate-related corporate engagement
- Investment integration: Climate change scenario analysis across listed equities, fixed income and real estate, carbon footprinting
- Collaboration and influence: Active participation in external collaborative initiatives, and engagement with policymakers and peers
- Client solutions: Climate change and low-carbon solutions
We continue to build research-based evidence into our Australian investment processes and product development, and to meet growing client and regulatory development.
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