In this BPM roundtable on climate change, Adelina Romanelli, Director of Responsible Investing, answers a number of questions on net zero from a manager-of-managers perspective.
The world is not on track to meet the Paris Agreement target to avoid the worst fallout from climate change.1
Greenhouse gas concentrations are at their highest levels in 2 million years—and continue to rise.2
Climate change is expected to cause approx. 250,000 additional deaths per year between 2030 and 2050.3
Climate change is a critical and evolving issue that needs our immediate attention—and action. Joining the Net Zero Asset Managers (NZAM) initiative reflects our pledge to a multi-year, ongoing transformation in our business practices and investment processes.
Aligning investment beliefs with a decarbonization commitment is just one way asset managers can act against climate change.
We work to understand and integrate climate considerations into our entire investment decision making process. This includes partnering with sub advisors and service providers to align with our net zero ambitions.
We are committed to helping investors express their values through their investment choices.
This also means proactively working to raise familiarity and comfort with sustainable-oriented solutions and ensuring full product transparency and reporting.
Climate-focused engagement with Clients, regulators and the industry is key to driving meaningful change.
As a manager of managers, we engage with our sub-advisors to understand where they are on their journey and help them evolve their climate strategy within their portfolios.
Transparency and accountability are key to maintaining meaningful relationships with our Clients, partners and delivering on our fiduciary duty.
We strive to provide our investors with information to help them navigate the increasingly complex range of investment solutions.
1 Source: IPCC Sixth Assessment Report, 2021
2 Source: World Meteorological Organization, 2021
3 Source: World Health Organization, 2021
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