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2021 Climate Report

Multiple authors
2023-04-30
Archived info
Archived pieces remain available on the site. Please consider the publish date while reading these older pieces.

The views expressed are those of the author at the time of writing. Other teams may hold different views and make different investment decisions. The value of your investment may become worth more or less than at the time of original investment. While any third-party data used is considered reliable, its accuracy is not guaranteed. For professional, institutional, or accredited investors only.

Contents

  • Message from leadership
  • Introduction
  • Section 1: Oversight and governance
  • Section 2: Climate research, tools, and risk management
  • Section 3: Engagement philosophy, approach, and examples
  • Section 4: Metrics and targets
  • Section 5: Addressing our operational footprint
  • Next steps and closing statement
  • Appendices and disclosures

2021 climate highlights

Climate change continues to be a key strategic focus for our firm. Apart from the COVID-19 pandemic, few issues so captured the world’s attention in 2021 — a record year for many climate events. Our research into the market and economic effects of the physical and transition risks of climate change expanded significantly last year. This report shares updates on our approach to climate-related oversight, research, risk management, and engagement. We also provide progress on our Net Zero by 2050 commitment and updates on how we are reducing our own carbon footprint.

  • Signed a power purchase agreement (PPA) with Enel Green Power to match 100% of US office and employees’ home electricity consumption
  • Completed 540 company climate physical-risk assessments
  • Founding member and advisory group leadership on NZAM: US$57.5T committed from 236 signatories (as of this writing)
  • Installed 1,100 LED lights in our London offices to help reduce our electricity usage

Our approach to sustainable investing

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