Aikya Investment Management
Aikya Investment Management is an independent, employee-owned, investment management company that specialises in managing Emerging Markets equity portfolios. They joined the Net Zero Asset Managers Initiative in March 2023 and made their Initial Target Disclosure in March 2024.
Percentage of assets covered by the Net Zero Asset Managers Commitment Statement
100% of total AUM (USD $4.84 billion)
Information on interim target(s) covering the proportion of assets to be managed in line with net zero
Baseline(s):
Portfolio coverage baseline
34% of AUM in material sectors is considered net zero, aligned, or aligning.
Portfolio decarbonisation reference baseline
65 tCO2e/$m revenue – Weighted average carbon intensity
Target(s):
Portfolio coverage target
53% of AUM in material sectors considered net zero, aligned, or aligning by 2028.
Portfolio decarbonisation reference target
-50% by 2030.
Portfolio coverage target
100 % of AUM in material sectors considered net zero, aligned, or aligning by 2040.
Portfolio decarbonisation reference target
Net zero by 2040.
GHG scopes included:
Our target for net zero is for scope 1 & 2 emissions only at present because scope 3 reporting is still weaker in Emerging Markets and we intend to set targets in relation to scope 3 when we have more confidence in the reported figures. However, we do currently monitor and report scope 3 emissions, where available, under the Sustainable Finance Disclosure Regulation (SFDR).
Methodology:
Net Zero Investment Framework
Scenario(s):
Aikya’s Sustainability Impact Goals and engagement objectives for individual investee companies are aligned with what the latest climate science deems necessary to meet the goals of the Paris Climate Agreement.
Additional information
Policy on coal and other fossil fuel investments: