Investment manager

Ninety One becomes first South Africa-based investment manager to sign Net Zero Asset Managers initiative

Posted 07-08-21

Proposed by Ninety-one

Hendrik du Toit, CEO of Ninety One

July 8, 2021 / CSRwire / – Ninety One, an active global investment manager, is proud to announce that it has joined the Net Zero Asset Managers Initiative, which supports investments aligned with the global goal of net zero emissions. ‘by 2050 or before. This commitment underscores Ninety One’s support for the goals of the Paris Agreement and global efforts to limit global warming to 1.5 ° C and aligns with the United Nations Sustainable Development Goals.

The assets represented by the Initiative represent almost half of the entire asset management industry globally in terms of total funds under management. A total of 128 investors, including the world’s three largest asset managers, collectively managing $ 43 trillion in assets are now part of the initiative.

The signatory asset managers undertake to give priority to achieving emission reductions in the real economy, to take into account the emissions of scope 3 of the materials portfolio (resulting from activities of non-owned assets or controlled by the reporting organization), create investment products aligned with net zero emissions, and facilitate increased investment in climate solutions.

Hendrik du Toit, Ninety One CEO said, “Ninety One believes in sustainability with substance. The world needs an inclusive transition plan that works for all of its 7.9 billion people. could result in no net zero at all. So, for us, the mission of carbon reduction must include the whole world. In particular, emerging market economies with high carbon intensity need time, encouragement and resources to adapt. Ninety One, as a company with its roots firmly in South Africa, understands this need perhaps better than most. Emerging economies, after all, are not responsible for the bulk of emissions to date.

In its drive to achieve low-emission investment portfolios, Ninety One’s intention is to do more than reduce the “carbon portfolio” by simply building portfolios that exclude high-emission countries and companies. Instead, Ninety One seeks to differentiate between reducing the “carbon portfolio” and reducing carbon emissions in the real economy.

Currently, companies are encouraged to divest their carbon-heavy assets to signal a drop in carbon intensity, while countries are encouraged to “off-shore” their carbon emissions to other countries without adjusting domestic consumption patterns. By automatically applying an exclusion process to achieve net zero goals, a key consequence for investors is likely to be the creation of portfolios focused on developed markets and light asset sectors. This process ignores the emphasis required by the transition on the remaining industries and economies.

Du Toit says Ninety One believes in active engagement and nurturing a transition. “As a recent article from Imperial College noted, ‘Not all businesses can go green, but they can all make the transition.’ Ultimately, the quest for net zero is about reducing all of the world’s carbon over time, not just “declared” carbon, and real success is getting every country and sector on the same path. “

Therese Niklasson, Global ESG Manager for Ninety One
Therese Niklasson, Global ESG Manager for Ninety One

Therese Niklasson, Global Head of ESG at Ninety One said, “By signing the Net Zero Asset Managers initiative, we are committed to working with our clients and achieving global climate goals that reduce emissions in the real world, reward improvement and progression and prevent capital investment. driven from areas that need it most.

About ninety-one

Ninety One is an independent and active global asset manager dedicated to delivering compelling results to its clients, managing over $ 180 billion in assets as of March 31, 2021. In the Americas, Ninety One offers a comprehensive portfolio of investment strategies and solutions covering equities, fixed income, multi-asset, sustainable and alternatives led by teams of specialists who invest in global, emerging and frontier markets. For over a decade, the firm has engaged with clients in the United States, Canada and Latin America, developing trusted partnerships by providing local expertise with a global platform.

Founded in South Africa in 1991, under the name Investec Asset Management, the company began with domestic investments in an emerging market. In 2020, almost three decades of organic growth later, the company separated from the Investec Group and became Ninety One. Today, the firm delivers distinctive active strategies to institutions, advisors and individual investors around the world. On Stewardship and Sustainability: Ninety One believes that by investing in a sustainable way, the company can have a positive impact on people and the planet while providing long-term returns on investment.

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Media contact:
Kimberly weinrick
[email protected]

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Ninety-one

Ninety-one

Ninety One is an independent and active global asset manager dedicated to delivering compelling results to its clients, managing more than $ 190 billion in assets as of June 30, 2021. In the Americas, Ninety One offers a comprehensive portfolio of investment strategies and solutions covering equities, fixed income, multi-asset, sustainable and alternatives led by teams of specialists who invest in global, emerging and frontier markets. For over a decade, the firm has engaged with clients in the United States, Canada and Latin America, developing trusted partnerships by providing local expertise with a global platform. Founded in South Africa in 1991, under the name Investec Asset Management, it started with domestic investments in an emerging market. In 2020, almost three decades of organic growth later, the company separated from the Investec Group and became Ninety One. Today, Ninety One offers distinctive active strategies to institutions, advisors and individual investors around the world. # # #

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