Energy Efficiency, GHG Emissions - September 9, 2022
GAM Investments Sets 2030 Goals
GAM Investments announced its short-term net zero targets in line with its commitment to the Net Zero Asset Managers initiative.
The company's new interim targets committed by 2030 include:
- Have 75% of AUM in material sectors aligned or aligning with net zero
- Achieve a 50% reduction in financed carbon emissions (i.e. emissions/USD million invested attributed using enterprise value) from a 2019 baseline
- Engage directly or collaboratively with 90% of our financed emissions to ensure they are aligned or in the process of aligning to net zero
GAM’s targets cover more than a third of its assets under management (AUM) in Investment Management. This includes all funds classified as equity or corporate fixed income. GAM’s AUM in Investment Management as of 30 June 2022 was USD 32.9 billion.
The company is also becoming a signatory to the Powering Past Coal Alliance (PPCA) Finance Principles, joining investors and governments alike in accelerating the transition from high-polluting coal to cleaner energy.
“It’s imperative that in the midst of soaring energy prices and inflation we do not overlook the ‘Decade of Transition’ that is well underway,” said Stephanie Maier, Global Head of Sustainable and Impact Investment at GAM Investments in a statement. “Our response to the climate change challenge will significantly shape the investment landscape. Those investors committed to net zero have a critical role to play in supporting a net zero future. Our interim targets reflect GAM’s commitment to securing real emission reductions in our portfolio and accelerating the low-carbon transition.”
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