Arjuna Capital
Arjuna Capital works with high net-worth individuals, families, and foundations to create a suite of sustainable investments that makes sense to and for the client. Arjuna joined the Net Zero Asset Managers Initiative in October 2021 and made its Initial Target Disclosure in November 2022.
Percentage of assets covered by the Net Zero Asset Managers Commitment Statement
58% of total AUM (USD $0.207 billion)
Information on interim target(s) covering the proportion of assets to be managed in line with net zero
Baseline(s):
Portfolio coverage baseline
In our public equity strategies and with our internally-managed US corporate bonds, 18% of companies have committed to adopting an SBT and 40% have adopted an SBT. This is based on September 2022 data.
Target(s):
Portfolio coverage target
2030: 66% of Arjuna’s public equity assets and internally-managed US corporate bonds will have an approved science-based target (SBT). 50% of all of Arjuna’s AUM managed in line with net zero will have approved science-based targets (SBT).
2035: 83% of Arjuna’s public equity assets and internally-managed US corporate bonds will have an approved science-based target
(SBT).
2040: 100% of Arjuna’s AUM managed in line with net zero will have an approved science-based target (SBT). We aim to annually engage companies we invest in that do not have a set SBTi commitment or target. Our goal is to increase SBTi approved targets by 3.35% per year across our public equity strategies.
Methodology:
Science Based Target initiative for Financial Institutions
Scenario(s):
Our goals are aligned with a 1.5 degree scenario through the Science-Based Target Initiative methodology.
Additional information
Proportion of AUM committed:
Our current targets include 100 percent of our in-house actively managed public equities and corporate debt assets. At this time, we have excluded our private equity, private debt, municipal bonds, and treasury notes from our net zero target due to the challenges of accessing quality data and a lack of net zero methodologies within these asset classes. As quality data and net zero frameworks for these assets become more available, we plan to increase the percentage of AUM managed in line with net zero.
Policy on coal and other fossil fuel investments:
Since 2014, Arjuna has offered a fossil fuel free equity strategy. We now seek to screen out fossil fuels from clients’ holdings for 100% of our discretionary assets. This includes excluding the Global Industry Classification Standard (GICS) sub-industries of Energy, Equipment and Service, Oil, Gas and Consumable Fuels, Independent Power Producers and Energy Traders, Multi-Utilities, and Gas Utilities.