London, 29 March 2021
Following its pledge to invest and manage its portfolio in line with global net zero emissions by 2040, Macquarie Asset Management has joined the Net Zero Asset Managers initiative to build on its commitment to climate change leadership.
The Net Zero Asset Managers initiative comprises a group of 73 international asset managers, representing $US32 trillion of assets under management, supporting the goal of net zero greenhouse gas emissions by 2050 or sooner. The initiative is designed to mobilise the investment community to help in the fight against climate change. Macquarie Asset Management’s participation will enable it to partner with other leading investors to learn how it can enhance the implementation of its net zero strategy, share best practice, and drive more coordinated action to deliver the goals of the Paris Agreement.
Ben Way, incoming Group Head of Macquarie Asset Management, said: “Last year we reconfirmed our commitment to tackling climate change by announcing we would manage our portfolio in line with global net zero emissions by 2040. Today, we are proud to continue this journey as we join the Net Zero Asset Managers initiative to work with our industry colleagues to accelerate the transition to a low carbon future. We recognise the need for action is urgent. As a global asset manager, we have a responsibility and opportunity to invest to deliver positive and sustainable impact for everyone.”
The Net Zero Asset Managers initiative outlines a range of actions for asset managers to help accelerate the transition to net zero and drive positive change on behalf of their clients. The initiative provides a framework for members to enhance engagement with clients, set targets for assets to be managed in line with net zero pathways, strengthen corporate engagement and stewardship, and advocate on climate and environmental policy.
The initiative is managed by six founding partner investor networks, including Ceres, Institutional Investors Group on Climate Change and the UN supported Principles for Responsible Investment of which Macquarie Asset Management is an active member.
In December 2020, Macquarie Asset Management announced its ambitious commitment to manage and invest its portfolio in line with net zero emissions by 2040 – 10 years ahead of the Paris Agreement. Macquarie Asset Management detailed the steps it intends to take to reduce the emissions intensity of its managed portfolio of public and private investments, and committed to reporting on its progress annually.
Macquarie Asset Management (MAM) is the asset management arm of Macquarie Group. MAM is a full-service asset manager, providing investment solutions to clients across a range of capabilities including infrastructure and renewables, real estate, agriculture, transportation finance, private credit, equities, fixed income, and multi-asset solutions. As at 31 December 2020, MAM had $US424 billion of assets under management.
Macquarie Group is a diversified financial group providing clients with asset management and finance, banking, advisory and risk and capital solutions across debt, equity and commodities. Founded in 1969, Macquarie employs more than 16,400 people in 31 markets.