Our commitment to net zero

Wellington supports the goal of net-zero greenhouse gas (GHG) portfolio emissions by 2050, in line with the objective to limit global warming to 1.5°C.

About our commitment

In December 2020, Wellington became a founding member and signatory to the Net Zero Asset Managers  (NZAM) initiative. This early commitment is grounded in our primary goal of achieving our clients’ investment objectives and enables us to demonstrate continued leadership on climate action. It also helps us deepen company engagements and enhance consultative partnerships with clients and industry leaders. Through NZAM, we commit to the following:

• Partner with asset-owner clients on their decarbonization goals, consistent with achieving net-zero emissions by 2050 or sooner
• Set an interim target for the proportion of assets to be managed in line with that goal
• Review the interim assets-under-management (AUM) target at least every five years with the aim of increasing the proportion of assets covered, until 100% are net zero
• For assets committed to net zero, set an interim 50% emissions-reduction target by 2030

As more of our clients make net-zero commitments, and as better data and methodologies become available, we expect committed assets under management to increase over time. Figure 1 illustrates our approach.

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