One-third of asset managers that signed the Net Zero Asset Managers Initiative (NZAM) made an initial commitment of less than 50% of their assets, analysis from Investment Week shows. We asked the firms with the five lowest commitments their rationale and spoke to experts about what they would like to see next.
The first progress report from NZAM was issued early November. The purpose of the report is to allow for transparency of the signatories' commitments and goals. The asset managers are required to disclose the following within 12 months of signing on to the initiative: The initial percentage of their portfolio that will be managed in line with net zero Their ‘fair-share' interim targets for the AUM that will be managed in line with net zero, and target date The methodology used in target setting Of the 43 asset managers included in the report 16 have an initial commitment of und...
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