Alquity Investment Management
Alquity Investment Management is an asset management business headquartered in London serving customers in the United Kingdom. It joined the Net Zero Asset Managers Initiative on 20 April 2021 and its initial target disclosure was published on 1 May 2022.
Percentage of assets covered by the Net Zero Asset Managers Commitment Statement
94% of total AUM (USD $0.1 billion)
Information on interim target(s) covering the proportion of assets to be managed in line with net zero
Portfolio decarbonisation reference baseline
Future World Fund (AUM: USD 37.6): 465tCO2e/$mn invested, 7% of financed emissions aligned.
Asia Fund (AUM: USD 42.3): 530.5tCO2e/$mn invested, 5% of financed emissions aligned.
Indian Subcontinent Fund (AUM: USD 32.2): 683.6tCO2e/$mn invested, 0% of financed emissions aligned.
Global Impact Fund (AUM: USD7.4): 60tCO2e/$mn invested, 100% of financed emissions aligned.
Portfolio coverage baseline
Future World Fund (AUM: USD 37.6): 7% of financed emissions aligned.
Asia Fund (AUM: USD 42.3): 5% of financed emissions aligned.
Indian Subcontinent Fund (AUM: USD 32.2): 0% of financed emissions aligned.
Global Impact Fund (AUM: USD7.4): 100% of financed emissions aligned.
Portfolio decarbonisation reference target
For our Future World, Asia and Indian Subcontinent funds we have constructed a net zero aligned emissions pathway, using each fund’s benchmark at the base year and reducing this by -60% by 2030. The Global Impact Fund intensity will remain at 60% lower than the intensity of its index (ACWI) at all times.
Portfolio coverage target
We target that our emerging market funds will have, on average, 20% of financed emissions in material sectors being net zero or aligned by 2030. For our Global Impact Fund, 100% of financed emissions in material sectors will be net zero or aligned.
Engagement threshold target
100% of financed emissions to be under engagement.
GHG scopes included:
Scope 1 and 2 only for the portfolio-level emissions pathway. In sectors where Scope 3 emissions are material, our company-level assessment covers disclosure, and for certain companies considers whether company targets cover all relevant scopes.
Net Zero Investment Framework
We use the IPCC special report on global warming of 1.5°C as a basis from which to derive the target
Proportion of AUM committed:
Not included within the scope of this target currently is the Alquity Africa Fund due to a lack of reliable available emissions data, which we hope will improve over time to enable us to add this fund.
Policy on coal and other fossil fuel investments:
We exclude all coal or fossil fuel investment from our portfolios. This is consistent with our climate declaration.