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CCLA Investment Management

After 60 years of serving charity, faith and public sector organisations, CCLA has recently entered the retail investment market with its ‘Better World Global Equity Fund’. Firmly believing that healthy financial markets depend on healthy communities, CCLA has a long track-record of instigating positive change for a better world with its pioneering work on climate, modern slavery and mental health. Founded in 1958, CCLA is independently owned by its clients and staff with £13 billion of assets under management as at 31 December 2022. CCLA joined the Net Zero Asset Managers Initiative on 11 December 2020 and its initial target disclosure was published on 1 November 2021.

Initial Target Disclosure: November 2021

Percentage of assets covered by the Net Zero Asset Managers Commitment Statement

50% of total AUM (USD $19.3 billion)

Information on interim target(s) covering the proportion of assets to be managed in line with net zero



Portfolio decarbonisation reference baseline

147.2 (weighted average carbon intensity – Tons of CO2e/$mn sales)



Portfolio decarbonisation reference target

57% reduction in maximum portfolio carbon footprint, based upon MSCI World Index.


Engagement threshold target

With regard to sectors, we will be setting targets for companies using the CA100+ Benchmark, which will be integrated into our engagement programme.

GHG scopes included:

Scope 1 & 2 emissions


Net Zero Investment Framework


IPCC 1.5°C/net zero pathway (P2)

Additional information

Proportion of AUM committed:

Scope of current target relates to our listed equity assets, we will be working on targets for other directly managed asset classes over the coming 12 months.

Policy on coal and other fossil fuel investments:

Yes. Please see A Climate for Good Investment.pdf (