CCLA Investment Management
CCLA Investment Management is a UK-based investment management company for charities, religious organizations, and the public sector with offices in London and Edinburgh. It joined the Net Zero Asset Managers Initiative on 11 December 2020 and its initial target disclosure was published on 1 November 2021.
50% of total AUM
initially committed to be managed in line with net zero
USD $19.3 billion
currently committed to be managed in line with net zero
Information on interim target(s) covering the proportion of assets to be managed in line with net zero
Baseline(s):
Portfolio decarbonisation reference baseline
147.2 (weighted average carbon intensity – Tons of CO2e/$mn sales)
Target(s):
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
Methodology:
Net Zero Investment Framework
Scenario(s):
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 (ccla.co.uk)