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Digital Bridge

Digital Bridge is a global digital infrastructure firm with key offices in New York, Los Angeles, London, and Singapore. It joined the Net Zero Asset Managers Initiative on 20 April 2021 and its initial target disclosure was published on 1 November 2021.

Updated Target Disclosure: May 2022

90% of total AUM

initially committed to be managed in line with net zero

USD $60 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):

2021

Portfolio decarbonisation reference baseline

121,000 tons of CO2e (as estimated by South Pole Group)

Target(s):

2030

Portfolio coverage target

We aim to achieve 100% portfolio coverage net zero target in 2030 in accordance with SBTi guidance for private capital investors

GHG scopes included:

DigitalBridge seeks to cover all financed emissions (the Scope 1 & 2 of portfolio companies). In addition, we seek to cover significant (as defined by SBTi) Scope 3 emissions from portfolio companies.

Methodology:

Science Based Target initiative for Financial Institutions

Scenario(s):

As an investor and manager of digital infrastructure assets we know that our sector can lead the way in the race to zero. Thus, we set a target that is well ahead of the pathways defined by SBTi and other organisations.

Additional information

Proportion of AUM committed:

In our initial target, we had committed 100% of AUM. However, we recently made an acquisition of another asset manager that is not 100% digital and we are in the process of assessing the portfolio.

Policy on coal and other fossil fuel investments:

DigitalBridge invests exclusively in digital infrastructure and has no future plans to invest in fossil fuels.

Further information:

2020 ESG Report

 

Initial Target Disclosure: November 2021

100% of total AUM

initially committed to be managed in line with net zero

USD $32 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):

2021

Portfolio coverage baseline

We are currently collecting this data.

Target(s):

2030

Portfolio coverage target

We aim to achieve 100% portfolio coverage net zero target in 2030 in accordance with SBTi guidance for private capital investors.

GHG scopes included:

DigitalBridge seeks to cover all financed emissions (the Scope 1 & 2 of portfolio companies). In addition, we seek to cover significant (as defined by SBTi) Scope 3 emissions from portfolio companies.

Methodology:

Science Based Target initiative for Financial Institutions

Scenario(s):

1.5°C

Additional information

Policy on coal and other fossil fuel investments:

DigitalBridge invests exclusively in digital infrastructure and has no future plans to invest in fossil fuels.

Further information:

Target setting: Our net zero 2030 target was set with the understanding that net zero cannot wait until 2040 or 2050 for investors and companies that truly care about addressing the challenge of climate change.

Page 14 and 15 of our 2020 ESG report: https://www.digitalbridge.com/docs/DigitalBridge2020ESGReport.pdf