Developing World Markets
Developing World Markets is a private equity firm with offices in 13 countries across Africa, Asia, Europe, and the Americas. It joined the Net Zero Asset Managers Initiative on 29 March 2021 and its initial target disclosure was published on 1 May 2022.
100% of total AUM
initially committed to be managed in line with net zero
USD $0.6 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):
Engagement threshold baseline
10% of financed emissions under engagement in 2021
Allocation to climate solutions baseline
10% of AUM allocated to climate solutions.
Target(s):
Engagement threshold target
100% of financed emissions under engagement by 2030
Allocation to climate solutions target
20% of AUM allocated to climate solutions by 2030
Portfolio coverage target
Po100% of AUM in material sectors is considered net zero aligned or aligning by 2040
GHG scopes included:
Scope 1: DWM does not operate any facilities or vehicles
Scope 2: Purchased electricity for DWM offices
Scope 3: Business travel and financed emissions from our investment portfolio
Methodology:
Net Zero Investment Framework
Additional information
Proportion of AUM committed:
100%
Further information:
DWM makes impact investments, i.e. investments made with the intention of generating positive social and environmental outcomes aligned with its impact objectives. DWM’s current assets are largely inclusive financial institutions serving poor and low-income clients in emerging and frontier markets. The inclusive finance sector is not carbon intensive and most countries where DWM invests are relatively low emitting. Nevertheless, DWM plans to both reduce the emissions intensity of our existing portfolio and increase investments in climate solutions that support the transition to a green economy, in line with the Net Zero Investment Framework. Please see our 2021 impact report for more information – https://dwmarkets.com/wp-content/ uploads/2021/Developing-World-Markets-Impact-Report-2021.pdf.