Achmea Investment Management
Achmea Investment Management is an independent division of Achmea, a non-listed Dutch insurance group with a cooperative tradition and a PRI signatory. They joined the Net Zero Asset Managers Initiative in January 2023 and made their Initial Target Disclosure in December 2023.
Percentage of assets covered by the Net Zero Asset Managers Commitment Statement
30% of total AUM (USD $17.7 billion)
Information on interim target(s) covering the proportion of assets to be managed in line with net zero
Baseline(s):
Engagement
Number of investees having SBTi aligned targets or committed to net-zero: 872 investees have committed to setting SBTi aligned targets (but have no approved SBTi targets yet) OR have committed to aiming for net-zero emissions.
Number of investees having SBTi approved targets: : 430 investees have SBTi approved emission targets.
Sub-portfolio
In order to assess the progression against the target, we have measured and archived the CO2e/EVIC for all investment funds and mandate in scope. Since this number is based on the generic benchmark for each portfolio in scope, each portfolio has its own baseline amount against which the reduction path is determined.
Climate Solutions Investment
342 Mn USD
Climate solution themes invested in:
- Energy
- Certified “Green” Investments / incl. climate resilient bonds
Asset classes invested in climate solutions:
- corporate bonds
- infrastructure equities
Target(s):
Engagement
Collaborative engagements supported e.g. via CA100+: In 2023, around 40% of the thematic engagement programme, by number of target companies, addresses climate change. We anticipate a similar percentage in 2025.
Direct engagement with investees: : 38
Sector and value chain engagement – with numerous companies and stakeholders from the same sector or value chain: : In our thematic engagement programme, we select investee companies for engagement by ESG issue or theme. Sometimes, this means that there are multiple companies from the sector, e.g. as is the case in our climate and transport theme. However, in other engagements, we select companies from multiple sectors, depending on the ESG issue or theme, e.g. in our engagement on CO2-reduction strategies.
Number of investees having SBTi aligned targets or committed to net-zero following engagement: : 10
Number of investees having SBTi approved targets following engagement: : 10
Sub-portfolio
– Listed equity: 100% of the AUM must be in line with a net-zero reduction path by 2025
– Corporate bonds: 75% to 85% of the AUM must be in line with a net-zero reduction path by 2025
Reduction comes down to approximately 42% by 2025.
Sub-portfolio
– Corporate bonds: 85% to 100% of the AUM must be in line with a net-zero reduction path by by 2030.
Reduction comes down to approximately 58% by 2030.
Climate Solutions Investment
2025: EUR 750 mln (+ 134% tov 2022)
Climate solution themes invested in:
- Energy
- Certified “Green” Investments / incl. climate resilient bonds
Asset classes invested in climate solutions:
- corporate bonds
- infrastructure equities
Climate Solutions Investment
2030: EUR 1500 mln (+ 370 % tov 2022)
Climate solution themes invested in:
- Energy
- Certified “Green” Investments / incl. climate resilient bonds
Asset classes invested in climate solutions:
- corporate bonds
- infrastructure equities
GHG scopes included:
Scopes 1 & 2 and have committed to report Scope 3 emissions as of 2024.
Methodology:
Net Zero Asset Owner Alliance Target Setting Protocol
Scenario(s):
1.5°C with no or limited overshoot” – this is consistent with the scenario used as a basis for the IPCC Special Report on Global Warming of 1.5°C.
Additional information
Proportion of AUM committed:
We want to set a short term target for the asset classes, for which it makes sense to implement CO2-reduction. For our internally managed mandates, we actively advise our clients to adopt a reduction target that is in line with net-zero. For now, we only consider listed equity and corporate bonds, as we consider data availability, quality and stability sufficient enough to set a meaningful target. As soon as CO2-data and metrics for other asset classes (government bonds) become available, we will include these in our processes and adjust or target according to the assets in scope.