Daiwa Asset Management Co.Ltd.
Daiwa Asset Management was established in 1959 as the core asset management company of Daiwa Securities Group. Daiwa AM joined the Net Zero Asset Managers Initiative in October 2021 and made its Initial Target Disclosure in February 2023.
67% of total AUM
initially committed to be managed in line with net zero
USD $103 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
93 tCO2e/ $mn revenue
Target(s):
Portfolio decarbonisation reference target
-50% portfolio emissions in intensity terms.
GHG scopes included:
We currently include Scope 1 and 2 emissions, and aim to include Scope 3 once data is sufficiently available.
Methodology:
Net Zero Investment Framework
Scenario(s):
The IPCC special report on global warming of 1.5°C.
Additional information
Proportion of AUM committed:
Assets other than listed equities and corporate bonds are not included because of the low data availability and no measurement standards of financed emissions for those excluded assets. We will continue to review data availability.
Policy on coal and other fossil fuel investments:
Daiwa Asset Management is currently considering the possibility of adopting a policy on coal and other fossil fuel investment. We do not set deadlines, but we are constantly discussing them.