FAMA Investimentos is an independent asset management firm specializing in Brazilian equities headquartered in São Paulo. It joined the Net Zero Asset Managers Initiative on 11 December 2020 and its initial target disclosure was published on 1 November 2021.
100% of total AUM
initially committed to be managed in line with net zero
USD $0.45 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
Portfolio coverage baseline
0% of our listed equity portfolio by invested value have set science-based targets by 2019
Portfolio coverage target
28.6% of FAMA’s listed equity portfolio by invested value will have set science-based targets by 2025
GHG scopes included:
The target covers Scope 1 & 2 for all assets and Scope 3 when these emissions represent more than 40% of total Scope 1, 2 & 3 emissions.
Science Based Target initiative for Financial Institutions
At least well below two degrees celsius.
Policy on coal and other fossil fuel investments:
As part of our investment strategy, we do not invest in coal or any other fossil fuel. Our Responsible Investment and Stewardship Policy brings more details on our investment strategy and how we incorporate ESG issues.
Target setting: We have adopted the SBT Portfolio Coverage methodology, which is one of the three methodologies available for setting Scope 3 emissions targets for listed equity portfolios, according to the SBTi for Financial Institutions. We meet all the conditions and criteria established by the initiative, thus, ensuring that we have a robust methodology, validated by science. The SBT Portfolio Coverage give us reassurance that each of our portfolio companies is setting science-based targets and focusing on real economy emissions reductions, consistent with delivering a fair share of the 50% global reduction in CO2 emissions by 2030 as identified by the IPCC special report on global warming of 1.5°C and which consequently improve our own portfolio emissions.