Asteria Investment Managers
Asteria Investment Managers is a Swiss impact investor headquartered in Geneva. It joined the Net Zero Asset Managers Initiative on 6 July 2021 and its initial target disclosure was published on 1 May 2022.
100% of total AUM
initially committed to be managed in line with net zero
USD $0.2 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
Baseline(s):
Portfolio coverage baseline
The assets under management currently meeting the criteria to be considered aligned to net zero represent 70% of total assets.
Target(s):
Portfolio coverage target
100% of assets under management meeting the criteria to be considered aligned with net zero.
GHG scopes included:
Currently Scope 1 and 2. Planning to integrate Scope 3 as soon as coverage is sufficient.
Methodology:
Net Zero Investment Framework
Scenario(s):
P2 emission pathway of the IPCC 1.5°C report (2018)
Additional information
Proportion of AUM committed:
100%
Policy on coal and other fossil fuel investments:
Investments in coal activities are excluded at the group level. Activities in fossil fuel (extraction; energy generation, etc) are considered as negative impact and not included in investment equity opportunities. On fixed income we select only green bonds with science-based transitioning strategies.
Asteria’s policy is available here, and covers 100% of Asteria’s AUM
Further information:
Target setting: Asteria considers its target is consistent with delivering a fair share of the 50% global reduction in CO2 emissions by 2030 as the AUM currently meeting the criteria to be considered aligned to net zero already represent 70% of total assets, aiming to reach 100% by 2030. This is well ahead of the expected deadline of 2040 set out in the PAII Net Zero Investment Framework.