Liontrust Asset Management
Liontrust is a specialist fund management company that takes pride in having a distinct culture and approach to running money. Liontrust joined the Net Zero Asset Managers Initiative in May 2022, made its Initial Target Disclosure in May 2023 and reviewed it in April 2024.
Percentage of assets covered by the Net Zero Asset Managers Commitment Statement
41.3% of total AUM (USD $16.2 billion)
Information on interim target(s) covering the proportion of assets to be managed in line with net zero
Baseline(s):
Portfolio coverage baseline
33.5% of its listed equity and corporate bond portfolio by market value have set SBTi validated targets.
Portfolio decarbonisation reference baseline
6,063.57 tCO2e/$mn sales. Note that this is the (simple) sum of the respective benchmark WACIs, end 2019, pertaining to NZAMi committed funds and will increase as Liontrust incorporates more funds into the Net Zero Asset Management Initiative.
Target(s):
Portfolio coverage target
Liontrust Asset Management PLC commits to 52% of its listed equity and corporate bond portfolio by market value setting SBTi validated targets by 2027 from a 2022 base year.
Liontrust will engage with holdings that have not yet committed to the SBTi to encourage them to set GHG emissions targets in line with SBTi guidance (if they have not already) and begin the process to have the targets approved by the SBTi. For those holdings which have committed to the SBTi but do not yet have approved targets in place, Liontrust will engage to ascertain progress in target development and estimated timescales for having approved SBTs in place.
Portfolio decarbonisation reference target
50% less emissions by 2030 – i.e. 3,031.8 tCO2e/$mn sales.
GHG scopes included:
With regards to the Portfolio Decarbonisation Reference Target, Scope 1 and Scope 2 are included in the WACI calculation that we are using to measure this ambition. As yet, we do not have sufficient reliable and accurate data to include Scope 3, but plan to include these data points in the future.
Methodology:
Net Zero Investment Framework
Science Based Target initiative for Financial Institutions
Scenario(s):
The portfolio targets described earlier in this document are derived from the PAII and SBTi methodologies, with a focus on P1 pathways.