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DPAM

Degroof Petercam is a reference financial institution with a history dating back to 1871. DPAM is an independent group owned by family shareholders with a long term commitment, we serve private and institutional investors. DPAM joined the Net Zero Asset Managers Initiative in July 2021 and made its Initial Target Disclosure in November 2022.

Initial Target Disclosure: November 2022

64.07% of total AUM

initially committed to be managed in line with net zero

USD $33.834 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):

2022

Target(s):

2030

(Science Based Target) Portfolio-specific targets, but majority will target by 2030:

  • 75% (SBT- or 1.5°C-aligned) for carbon intensive industries, in line with TCFD industry classification recommendations.
  • 50% (SBT- or 1.5°C-aligned) for other industries

GHG scopes included:

Note that for the temperature alignment approach, in the initial stages of the project, DPAM will focus on Scope 1 and Scope 2 emissions. Investee scope 3 emissions are taken into account when deemed material by SBTi and are included in bottom-up climate assessments and engaged dialogues/engagements. Improved coverage and comprehensiveness of scope 3 disclosures will be closely monitored. For the SBT approach, scope 3 emissions are taken into account in line with SBTi Target Validation Protocol.

Methodology:

Science Based Target initiative for Financial Institutions

Scenario(s):

The temperature pathways used in CDP temperature ratings are derived from the UN Intergovernmental Panel on Climate Change (IPCC) 1.5°C report and the Integrated Assessment Modelling Consortium (IAMC) database of climate scenarios.
For the targets validated by the Science-based Targets initiative, we rely on their methodology/protocol.

Additional information

Proportion of AUM committed:

Represents DPAM fund offering (SFDR article 8/9). Sovereign bond investments in all portfolios are excluded (lack of target methodologies). Mandates are not part of the scope. For multi-asset funds (ca. 5% of total AuM) allowed to invest in all listed asset classes, total portfolio AuM is counted. DPAM defines eligible assets as those covered by NZ methodologies as of today. We intend to increase the proportion of assets managed in line with NZ objectives over time (aligned with SFDR article 8, 8bis or 9 products target). For the remaining percentage of listed equity and credit AuM managed via mandates, DPAM will continue to engage clients to increase inflows to strategies that are managed in line with net zero.

Policy on coal and other fossil fuel investments:

Controversial Activities Policy
• Mainstream strategies (SFDR article 8): p. 16 (coal) and p.19 (O&G)
• Sustainable strategies (SFDR article 8bis and 9): p.40 (coal) and p.43/46 (O&G)