Simplified, inclusive capitalism means building a better society for everyone – and we don’t believe this can be done without tackling the climate crisis. By investing in long-term assets that look to reduce the planet’s carbon footprint, and aligning our strategy with the United Nations Sustainable Development Goals, we can build a decarbonised society that will be in a better state for generations to come.
Our new Climate Report, in line with recommendations from the Task Force on Climate-related Financial Disclosures (TCFD), looks at what we achieved in 2020 and how we can continue to achieve our goals. (This is also referenced in our Annual Report - click here for the Annual Report Quick Read 2020.) Despite the challenges of 2020, a global pandemic didn’t hinder our efforts in tackling the climate crisis – in fact, it reaffirmed the importance of managing our relationship with the environment.
Our Climate Risk Policy Statements set out how we plan to tackle the crisis, and focus on five key areas:
- Decarbonising the assets on our balance sheet to align with the Paris Agreement of limiting global warming to 1.5°C
- Advocating for urgent climate action from governments and companies we invest in
- Using our influence as a large investor to promote a transition to a low-carbon economy
- Supporting the goal of carbon neutrality by 2050
- Committing to the Science Based Target initiative (SBTi)
We will deliver on our policies through investing our proprietary assets, using our position of influence as one of the world’s largest asset managers, and the way we operate our business.