AlphaFixe Capital
AlphaFixe Capital Inc. is a leading investment manager specialized in fixed income serving primarily institutional clients. It joined the Net Zero Asset Managers Initiative in October 2022 and its initial target disclosure was published in December 2024.
Information on climate target(s)
Baseline(s):
On December 31, 2021, 66,32% of our total AUM was aligned (Governmental issuers: 50,24% / corporate issuers: 16,08%).
Target(s):
Portfolio coverage target
In 2030, 100% of our AUM needs to have a net zero target according to recognized frameworks or be as ambitious as these frameworks, given the issuers’ industry. Non-compliant issuers will be sold and won’t be eligible in our portfolios after 2030.
Engagement threshold target
- Carbon intensive corporate issuers: Systematic engagement about the importance of science-based target setting.
- Corporate issuers: Engage whenever we have a chance.
- Governments: Raise awareness of collaboration possibilities between sub sovereign governments and areas of improvement in policy setting.
Allocation to climate solutions target
On June 30th, 2024, 46.8% of our total AUM is invested in impact bonds (up from 16.99% in 2021), and we will take every opportunity to increase this percentage.
GHG scopes included:
The asset alignment methodology used expects corporate issuers to have an approved SBTi target or an equivalent science- based target validated by our team, which includes a coverage of their scope 1, 2 and material scope 3 emissions (greater than 40% of their total emissions).
Methodology:
Own/other methodology
Scenario(s):
IPCC 1.5°C scenarios with no or low overshoot, IEA NZE scenario, sector pathways derived from 1.5°C scenario used by the SBTi, and pathways derived from science-based 1.5°C scenario. When possible, sectoral and regionalized pathways are used.
Percentage of assets covered by climate targets
100% of total AUM (USD $11.65 billion)
Additional information
Proportion of AUM committed:
AlphaFixe Capital is an investment management firm specialized in fixed income. Therefore, we do not hold assets from other categories than Corporate fixed income or Sovereign bonds.
Our approach is inspired by the PAII Net Zero Investment Framework to measure the alignment of our assets. Furthermore, our 2030 target already covers 100% of our assets. Thus, we consider our approach rigorous and consistent with our NZAM statement.
Policy on coal and other fossil fuel investments:
Our fossil fuel exclusion policy applies to 100% of our AUM.