C WorldWide Asset Management
C WorldWide Asset Management is a focused and independent asset manager. C WorldWide Asset Management joined the Net Zero Asset Managers Initiative in June 2022 and made its Initial Target Disclosure in July 2023.
Percentage of assets covered by the Net Zero Asset Managers Commitment Statement
35% of total AUM (USD $6.5 billion)
Information on interim target(s) covering the proportion of assets to be managed in line with net zero
Baseline(s):
Temperature rating for the baseline year 2019 is 2.4 degrees C
Target(s):
For the interim target year 2030 the temperature rating is aimed at being maximum 2 degrees C.
1.5C in 2050
GHG scopes included:
To the extent possible we will include scope 1, 2, and 3. Currently 76% of portfolio companies disclose this information. For the remainder we use modelled emissions as per ISS’ Climate Risk Assessment methodology.
Methodology:
Science Based Target initiative for Financial Institutions
Scenario(s):
We are utilising ISS’ Climate Risk Assessment tool to analyse portfolio alignment to a 1.5-degree scenario. This is based on IEA’s Sustainable Development Scenario (SDS) and Announced Pledges Scenario (APS) that show how portfolios either overshoot or undershoot the said scenarios.
We have set the following interim targets:
Baseline year: 2019
Target year: 2030, 2040 and 2050
Based on the methodology stated above, we will allow for the following overshooting levels until net zero is met in 2050:
2030: 30%
2040: 15%
2050: 0%
Additional information
Proportion of AUM committed:
Currently, no assets managed under segregated mandates are included in our AUM commitment, as no segregated clients have approved this commitment for their accounts. C WorldWide Asset Management will initiate dialogue with our existing and prospective segregated clients to encourage approval of this commitment.
Policy on coal and other fossil fuel investments:
As a long-term focused investor, climate change is among the most significant global trends with positive or negative ramifications for countries, sectors, and corporations. It is also an essential aspect of our analysis of investee companies, including exposure to transition and physical risks and opportunities arising from the global transition to a less carbon intensive world with the ultimate target of net zero GHG emissions, including the phaseout of coal and other fossil fuel emissions. It is important to understand and ensure how the management of the investee companies integrates climate-related risks into its longer-term strategic thinking and planning, and that it sufficiently mitigates those risks to ensure the long-term resilience of the business model.
Through our commitment to NZAMI, TCFD and Climate Action 100+ we are committed to support the ultimate goal of net zero GHG emissions and limit global warming. This is addressed in our Responsible Investment Policy.
Further information: