Desjardins Global Asset Management
Desjardins Group is the leading cooperative financial group in Canada and the fifth largest cooperative financial group in the world. Desjardins joined the Net Zero Asset Managers Initiative in October 2021 and made its Initial Target Disclosure in January 2023.
40.5% of total AUM
initially committed to be managed in line with net zero
USD $28.1 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
DGAM commits to align its scope 1 and 2 portfolio temperature score within equity and bonds from 3.15°C in 2020 to 2.69°C by 2025.
-50% by 2030; net zero by 2040 for energy, real estate and transport sectors; net zero by 2050. DGAM commits to align its scope 1 and 2 portfolio temperature score within equity and bonds from 3.15°C in 2020 to 2.69°C by 2025.
GHG scopes included:
We calculate our financed emissions with the PCAf methodology for public markets. Thus, we have an official number of our financed carbon footprint for Scope 1 and 2. We also track and analysis our Scope 3 to prepare ourselves to the updated PCAF methodology including Scope 3.
1.5 degree scenario.
Proportion of AUM committed:
a) The perimeter covers Desjardins’ own assets only Assets form external clients are not included at the moment. Client’s demand for net-zero solutions will dictate the evolution of total AUM to be managed in line with net zero
b) The methodologies are not available for some asset classes (e.g. sovereign bonds, real assets, etc.). As of October 14th 2022, 12.8% of AUM is currently covered by the available methodologies. Scope will increase as methodologies become available over the next few years.
Policy on coal and other fossil fuel investments:
Desjardins committed to a swift divestment from coal, while providing exceptional support to companies in the industry with a clear and firm plan to transition from coal to renewable energy in accordance with Intergovernmental Panel on Climate Change (IPCC) Guidelines. It applies to the same AUM than the Net Zero alignment, 40.5%.