Asset manager Fiera Capital announced that it has joined the Net Zero Asset Managers Initiative, a coalition of investors committed to supporting the goal of net zero greenhouse gas emissions by 2050 or sooner.
Fiera stated that as part of its commitment, it will set a target, to be reviewed and updated every five years, outlining the portion of its assets to be managed in line with achieving net zero emissions, aiming for all assets to be included by 2050.
Jean-Philippe Lemay, Global President, and Chief Operating Officer at Fiera, said:
“In joining the Net Zero Asset Managers initiative, we are proud to be strengthening our contribution to the global effort to tackle climate change. Global warming presents profound risks, both for our clients and for society more broadly. We firmly believe that committing to achieving net zero emissions across our portfolios by 2050 will reinforce the manner in which we carry out our fiduciary responsibilities and enhance our ability to protect our clients’ portfolios from systemic risk.”
The Net Zero Asset Managers initiative launched in December 2020 with a group of asset managers committing to support the goal of net zero greenhouse gas emissions by 2050 or sooner, in line with global efforts to limit warming to 1.5°C. Since launch, the initiative has grown rapidly to include 128 signatories, representing $43 trillion in assets under management. The coalition part of the recently launched Glasgow Financial Alliance for Net Zero (GFANZ), along with the Net Zero Banking Alliance and the Net-Zero Asset Owner Alliance.
“While Environmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. More considerations are currently integrated into our investment analysis and processes, our decision to join this initiative puts the full strength of the organization behind our commitment to expand our Environmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. More efforts further.”
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