ACTIAM delivers relevant investment solutions, maximising longer-term financial, environmental and social returns. ACTIAM joined the Net Zero Asset Managers Initiative in July 2021 and made its Initial Target Disclosure in November 2022.
84% of total AUM
initially committed to be managed in line with net zero
USD $14.7 billion
currently committed to be managed in line with net zero
Information on interim target(s) covering the proportion of assets to be managed in line with net zero
0% of portfolio companies setting a Science Based Target.
50% of portfolio companies setting a Science Based Target.
GHG scopes included:
The target covers scope 1, 2 and 3 emissions. Achievement of the target is monitored separately for scope 1&2 and for scope 3.
ACTIAM uses the PCAF method to calculate greenhouse gas emission intensity and absolute greenhouse gas emissions and to aggregate it on a portfolio level based on financed emissions. Emissions and enterprise value data are based on reported emissions by the companies are obtained from a third-party ESG data provider.
Science Based Target initiative for Financial Institutions
The reduction pathway is in line with a 1.5°C scenario following quantitative projections of the IPCC, assuming an expected average annual carbon emission reduction of 7%.
Proportion of AUM committed:
There are two reasons why ACTIAM does not officially manage all assets in line with net zero. First, less than 1% of our assets is invested in impact funds focusing on private debt investments in micro-finance institutions for which no emissions data are available. Secondly, sovereign emissions are part of our net zero target and we monitor changes of sovereign emissions, but as there is no agreed method to calculate sovereign emissions, we do not add them to the NZAM AUM that is managed in line with net zero.
Policy on coal and other fossil fuel investments:
Yes. The ACTIAM Climate Strategy is published on the ACTIAM website. This describes that ACTIAM will have phased out coal by 2030, with a pathway where the share of coal related revenues per issuer is not more than 15% in 2025 and 5% in 2028.