Jupiter commits to net zero across £55.7bn investment range by 2050
Asset manager joins Good Work Coalition

Jupiter Fund Management has committed to net zero emissions by 2050 across its full range of investments and operations, as the asset manager highlights the need to limit global warming to less than 1.5°C.
The company will define a detailed roadmap including milestones and targets for achieving this goal across its £55.7bn investment range, including interim targets for 2030, by the end of this year.
At the same time, Jupiter is aligning with the UN Global Compact (UNGC) on its strategy, purpose and principles. In line with the Compact, all the company's investment decision-making and engagement will be guided by the principles of the UNGC and all investee companies will be expected to abide by the Compact's Ten Principles, committing to meeting fundamental responsibilities in the areas of human rights, labour, environment and anti-corruption.
Andrew Formica, CEO, Jupiter, said: "Today's announcements build on Jupiter's position as a long-standing supporter of sustainable and responsible investing.
"At Jupiter we believe that the future is better served by sustainable companies with strong environmental credentials, and it is imperative that we work together as a company, an industry, and a society to tackle climate change.
"I am pleased at the progress Jupiter is making towards this at both an investment and company level."
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The asset manager has also become a member of the Good Work Coalition and as such, will encourage all investee companies across its flagship UK equities business to pay a living wage to their employees and will push for better working conditions and reduced workplace inequality, in partnership with ShareAction and other members of the Coalition. To demonstrate this commitment, Jupiter will also accredit as a Living Wage Employer.
"As a high conviction, active manager of our clients' money, we have a responsibility and an opportunity to do all we can to effect change by engaging with and influencing the companies we invest in to adopt more sustainable businesses. The transition to net zero carbon emissions is imperative but improving wider societal and governance standards is also crucial.
"Along with net zero commitments, initiatives that align with the wider sustainability agenda, such as the UNGC principles and Good Work Coalition, will result in long term gains for all stakeholders," Formica added.
At its corporate level, Jupiter has confirmed a partnership with Forest Carbon, a not-for-profit scheme providing woodland carbon capture projects in the UK.
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