Bin Yuan Capital
Bin Yuan Capital is a China-based asset management company specialising in investing in Chinese publicly-listed equities. They joined the Net Zero Asset Managers Initiative in October 2021 and made its Initial Target Disclosure in February 2024.
Percentage of assets covered by the Net Zero Asset Managers Commitment Statement
100% of total AUM (USD $1.9 billion)
Information on interim target(s) covering the proportion of assets to be managed in line with net zero
Baseline(s):
Portfolio decarbonisation reference baseline
295t CO2e/$mn revenue – Weighted average carbon intensity
Target(s):
Portfolio decarbonisation reference target
-50% of portfolio emissions in intensity terms.
GHG scopes included:
Our calculations include scope 1, 2 and 3 emissions. Scope 1+2 is based on company disclosed information and scope 3 is based on industry best estimates which includes accountable upstream and downstream emissions. Scope 1+2 data is from company disclosures or calculated from disclosed energy use which is accurate and crosschecked with Trucost and Bloomberg scope 1+2 data, while scope 3 data is mostly from estimations based on Chinese and global research due to lack of industry upstream and downstream emission data in China. Scope 3 data will be readily adjusted according to latest disclosures and research.
Methodology:
Net Zero Investment Framework
Scenario(s):
IPCC special report on global warming of 1.5°C.
Additional information
Policy on coal and other fossil fuel investments:
Bin Yuan Capital committed to the Net Zero Asset Managers (NZAM) Initiative in 2021. As China’s first committed asset manager, Bin Yuan Capital committed to supporting the goal of net-zero GHG emissions by 2050 or sooner with reduction targets set for 2030, in line with global efforts to limit global warming to 1.5 degrees Celsius. Given this situation and as a leader in sustainability, Bin Yuan Capital will not invest in companies that engage in the production of thermal coal or coal-fired power. We set the threshold of 10% of revenues derived from coal-fired business.
Further information:
https://www.binyuancapital.com/filedownload/74693