Anaxis Asset Management
Anaxis Asset Management is an asset management firm specializing in corporate bonds headquartered in Paris, France with an office in Geneva, Switzerland. It joined the Net Zero Asset Managers Initiative on 11 December 2020 and its initial target disclosure was published on 1 November 2021.
100% of total AUM
initially committed to be managed in line with net zero
USD $0.538 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
Portfolio decarbonisation reference baseline
267 t of CO2 eq. per EUR 1 million in turnover (average across all bond portfolios, gathering 95% of AUM at the time).
Portfolio decarbonisation reference target
Target 1: Decrease portfolios’ GHG intensity by 60% for Scope 1 & 2 (expressed in metric tons of CO2 equivalent per EUR 1 million in turnover).
Portfolio coverage target
Target 2: Increase to 100% the percentage of assets invested in material sectors that are achieving net zero or meeting the criteria to be considered either ‘aligned’ or ‘aligning’ to net zero (with an intermediary target of 70% in 2026).
Engagement threshold target
Target 3: Ensure that at least 90% of financed emissions in material sectors are either net zero, aligned to a net zero pathway, or the subject of direct or collective engagement and stewardship actions (with an intermediary target of 70% in 2022).
GHG scopes included:
We cover Scope 1 & 2 for all portfolio holdings, using estimates when data is not available. In our investment universe (mainly comprised of high-yield corporate bonds) Scope 3 disclosure is still uncommon. We intend to include Scope 3 in our strategy when enough data becomes available from companies.
Net Zero Investment Framework
Our targets are derived from the P1 pathway of the IPCC.
Policy on coal and other fossil fuel investments:
Yes, more information can be found at: http://anaxis-esg.com/en/anaxis-ams-esg-policy-documents/. Our policy applies to all assets under management.
Target setting: Our objective GHG intensity target exceeds the IPCC recommendations, so that we deliver a fair share of the required reduction efforts