Global asset manager GAM Investments announced today a series of new interim targets aimed at supporting its 2050 commitment to reach net zero across assets by 2050.

The company’s new goals include achieving a 50% reduction in financed carbon emissions across equities and fixed income by 2030. In material sectors, GAM has set a goal to have 75% of assets under management aligned with net zero, or on a clear path to alignment by 2030.

GAM also pledged to engage with 90% of the firm’s financed emissions on their net zero pathways.

The firm stated that its new targets align with its commitment to the Net Zero Asset Managers initiative (NZAM), a coalition of asset managers committed to supporting the goal of net zero greenhouse gas emissions by 2050. Since launching in December 2020, 273 asset managers have signed on to the initiative, representing over $61 trillion is assets in AUM. GAM joined the initiative in 2021.

Stephanie Maier, Global Head of Sustainable and Impact Investment at GAM Investments, said:

“It’s imperative that in the midst of soaring energy prices and inflation we do not overlook the ‘Decade of Transition’ that is well underway. Our response to the climate change challenge will significantly shape the investment landscape…Our interim targets reflect GAM’s commitment to securing real emission reductions in our portfolio and accelerating the low-carbon transition.”

The post GAM Announces 2030 Investment Emissions Reduction Targets appeared first on ESG Today.