Edmond de Rothschild Asset Management has stated that €26bn ($28bn), or 47.5% of the assets in scope, will be handled in accordance with the achievement of net zero emissions by 2050, one year after joining the Net Zero Asset Managers (NZAM) programme.
The move demonstrates Edmond de Rothschild’s commitment to taking real steps to solve the global problems posed by climate change.
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Managing the transition to net zero emissions is a strategic objective for asset managers, and Edmond de Rothschild AM has reaffirmed its status as a key participant in the energy and climate change.
The pledge to align €26bn towards achieving net zero is a crucial measure in facilitating the shift towards an economy that is more resilient and sustainable.
Edmond de Rothschild has reinforced its long-held belief that finance is crucial to the environmental transition with this commitment.
Moreover, the organisation is dedicated to creating modern investing strategies that tackle societal and environmental issues while providing clients with profitable returns.
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By GlobalDataStrong mechanisms have been put in place by Edmond de Rothschild AM to include environmental, social, and governance (ESG) considerations in all in-scope investment processes.
These methods include:
- Integration of ESG criteria: Investment decisions are made considering environmental, social, and governance impacts, ensuring responsible portfolio management.
- Active dialogue with investee companies: Edmond de Rothschild AM, as an engaged shareholder, utilises its influence to promote sustainable and transparent practices among companies.
- Reducing the carbon footprint of its portfolios: Edmond de Rothschild AM is actively reducing its investments’ carbon footprint, aligning them with decarbonisation pathways to achieve Net Zero emissions by 2050.
- Participation in global initiatives: Edmond de Rothschild AM has pledged to achieve climate objectives through the NZAM initiative, collaborating with other financial industry players to accelerate the transition towards a low carbon economy.
For all significant asset classes that the business covers, Edmond de Rothschild AM has established interim net zero targets by 2030.
Moreover, its liquid assets weighing €15.2bn, are committed to a 50% reduction in carbon intensity by 2030.
Edmond de Rothschild aims to align 68% of its unlisted investment activities, totalling €10.8bn, with net zero emissions by 2050, using IIGCC-approved standards for each asset class.
Nathalie Wallace, chief responsible officer said: “By unveiling these ambitious goals for 2030, Edmond de Rothschild Asset Management has asserted its position as a leading player in the climate and energy transition. This translates into decisions to finance and invest in assets believed to offer “solutions” to the issues of climate change. This is already the case in Belgium, for example, where our infrastructure debt strategy BRIDGE has refinanced a battery storage system, or through our Gingko Private Equity strategy, which specialises in decarbonisation and the regeneration of industrial wastelands”.
