Asteria joins Net Zero Asset Managers Initiative
As a responsible and impact asset manager Asteria IM is excited to join the Net Zero Asset Management Initiative. The goal is to decarbonise investment portfolios and facilitate increased investment in climate solutions to achieve net zero emissions, in line with global efforts to limit warming to 1.5°C.
We are part a group of 128 global asset managers that commit to:
- Work in partnership with asset owner clients on decarbonization goals, consistent with an ambition to reach net zero emissions by 2050 or sooner across all assets under management;
- Set an interim target for the proportion of assets to be managed in line with the attainment of net zero emissions for 2050 or sooner; and
- Review the interim target at least every five years, with a view to ratcheting up the proportion of AUM covered until 100% of assets are included.
"Asteria IM has been created to use capital as an agent of change. Investments have an active role to play in the achievement of global carbon reduction targets. Committing to net zero greenhouse gas emissions by 2050 is consistent with our core strategy and we are proud to join leading asset managers working ambitiously towards achieving this goal."
Natacha Guerdat, Head of Research, Asteria IM
To learn more about Net Zero Asset Managers Initiative, please see their website.
Net Zero Asset Managers
Asteria IM has been created to use capital as an agent of change. Investments have an active role to play in the achievement of global carbon reduction targets. Committing to net zero greenhouse gas emissions by 2050 is consistent with our core strategy and we are proud to join leading asset managers working ambitiously towards achieving this goal.
More information about Net Zero Asset Managers here.
Asteria IM signed the United Nations-supported Principles for Responsible Investment (PRI).
The PRI is an international global network of asset managers, owners and service providers working together to put responsible investment into practice. The principles, which are voluntary, aim to provide a framework for integrating environmental, social and corporate governance (ESG) considerations into investment decision-making and ownership practices.
More information about UN PRI here.
Asteria Investment Managers became signatory to Climate Action 100+
Asteria Investment Managers became signatory to Climate Action 100+, the largest global investor collaboration addressing climate change as a portfolio risk.
The Climate Action 100+ is an investor led initiative to engage systemically important greenhouse gas emitters and other companies across the global economy that have significant opportunities to drive the clean energy transition and help achieve the goals of the Paris Agreement. Investors are calling on companies to improve governance on climate change, curb emissions and strengthen climate related financial disclosures.
To learn more about this initiative, click here.
Asteria drives corporate environmental transparency by partnering with CDP
Asteria is proud to join the growing ranks of over 590 investors with more than US$110 trillion in assets and 150+ large purchasers with over US$4 trillion in procurement spend in requesting thousands of companies to disclose their environmental data through CDP. Climate change, deforestation and water security have become material issues to many industries and consistent, comparable data is key to addressing the associated risks and opportunities. We believe that increased corporate transparency on environmental impact is a key enabler to improve company performance and to create a more resilient economy.
CDP is a global non-profit that runs the world’s environmental disclosure system for companies, cities, states and regions. Founded in 2000 and working with over 590 investors with $110 trillion in assets, CDP pioneered using capital markets and corporate procurement to motivate companies to disclose their environmental impacts, and to reduce greenhouse gas emissions, safeguard water resources and protect forests. Over 10,000 organizations around the world disclosed data through CDP in 2020, including more than 9,600 companies worth over 50% of global market capitalization, and over 940 cities, states and regions, representing a combined population of over 2.6 billion. Fully TCFD aligned, CDP holds the largest environmental database in the world, and CDP scores are widely used to drive investment and procurement decisions towards a zero carbon, sustainable and resilient economy. CDP is a founding member of the Science Based Targets initiative, We Mean Business Coalition, The Investor Agenda and the Net Zero Asset Managers initiative.
Find out more about CDP here.
Asteria joins more than 1,400 organizations around the world in declaring our support for the FSB Task Force on Climate-related Financial Disclosures
17 August 2021 – Today, Asteria IM declared its support for the Task Force on Climate-related Financial Disclosures (TCFD), joining more than 1,400 organizations in demonstrating a commitment to building a more resilient financial system and safeguarding against climate risk through better disclosures.
The TCFD, chaired by Michael R. Bloomberg, founder of Bloomberg LP and Bloomberg Philanthropies, provides market participants with recommendations to address the financial impact of climate change on their business. By increasing transparency on financially material climate-related risks and opportunities the recommendations promote more informed financial decision-making by investors, lenders and others.
Supporters of the TCFD span the public and private sectors and include national governments, central banks, stock exchanges, credit rating agencies, financial organizations and private sector businesses from a variety of industries.
Widespread implementation of the TCFD recommendations will provide investors, lenders, and insurance underwriters with consistent and relevant information to understand the economic risks and opportunities resulting from climate change. Increased disclosures in line with the recommendations across sectors and geographies will help global markets make more efficient capital allocation decisions and adjust appropriately to the disruptive effects of global climate change.
Implementing the TCFD recommendations provides companies with:
- Easier or better access to capital by increasing investors’ and lenders’ confidence that climate-related risks are appropriately assessed and managed,
- Better ability to meet existing disclosure requirements by reporting material information in financial filings,
- Increased awareness and understanding of climate-related risks and opportunities, resulting in better risk management and more informed strategic planning, and
- The ability to proactively address investors’ demand for climate-related information in a framework that investors are increasingly asking for.
For more information about the Task Force on Climate-related Financial Disclosures, please visit www.fsb-tcfd.org.
Asteria IM is one of 587 investors with around 40% of the world’s AUM calling on governments to take action on the climate crisis
We’re one of 587 investors with around 40% of the world’s AUM calling on governments to take action on the climate crisis. By signing the #2021GIS, we’re speaking up together on the change we need to see before #COP26.
The Investor Agenda is a common leadership agenda on climate change that is unifying, comprehensive, and focused on accelerating investor action for a net-zero emissions economy.
The founding partners of The Investor Agenda are seven major groups working with investors: the Asia Investor Group on Climate Change (AIGCC), CDP, Ceres, Investor Group on Climate Change (IGCC), Institutional Investors Group on Climate Change (IIGCC), Principles for Responsible Investment (PRI) and UNEP Finance Initiative (UNEP FI).
Learn more about this initiative here.