CQS
CQS is a credit-specialist asset manager, with responsible multi strategy credit at the heart of our business. CQS joined the Net Zero Asset Managers Initiative in November 2021 and made its Initial Target Disclosure in November 2022.
Percentage of assets covered by the Net Zero Asset Managers Commitment Statement
53% of total AUM (USD $9.4 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
31 December 2019 (or such later date as specified in the relevant Fund’s offering documentation).
Target(s):
Portfolio decarbonisation reference target
-50% portfolio emissions in intensity terms.
Engagement threshold target
70% of financed emissions to be either net zero, net zero aligned or subject to direct or collective engagement and stewardship actions by 2025.
GHG scopes included:
Scope 1 and 2 emissions are covered by our interim decarbonisation targets. We intend to include Scope 3 emissions
progressively over time as data quality improves.
Methodology:
Net Zero Investment Framework
Scenario(s):
The Intergovernmental Panel on Climate Change (“IPCC”) 1.5°C Pathway highlighted in ‘The Summary for Policymakers of the IPCC Working Group III’ and ‘Climate Change 2022: Mitigation of Climate Change’.
Additional information
Proportion of AUM committed:
This proportion of AUM represents assets held in our open-ended pooled fund offering that is classified as Article 8 under the Sustainable Finance Disclosure Regulation. CQS has taken a whole of funds approach.
Policy on coal and other fossil fuel investments:
The CQS pooled funds that are classified as Article 8 under the Sustainable Finance Disclosure Regulation have a thermal coal and oil sands exclusion policy, with revenue thresholds. Due to our client-led approach, we do not have a firm-wide fossil fuel exclusion policy.