Fondita Fund Management Company
Fondita is an independent boutique fund manager specialised in equity funds. Fondita joined the Net Zero Asset Managers Initiative in October 2021 and made its Initial Target Disclosure in January 2023.
70% of total AUM
initially committed to be managed in line with net zero
USD $0.4 billion
currently committed to be managed in line with net zero
Information on interim target(s) covering the proportion of assets to be managed in line with net zero
Baseline(s):
Portfolio coverage baseline
As of 2022, 21% of our holdings (according to our data provider) has put up net zero targets and approximately 52% have put up carbon reduction targets (according to our data provider).
Portfolio decarbonisation reference baseline
753 tCO2e – portfolio emissions in absolute terms.
863,3 tCO2e/$mn sales – portfolio emissions in intensity terms.
Allocation to climate solutions baseline
30% of AUM allocated to climate solutions.
Target(s):
Portfolio coverage target
50% of AUM in material sectors is considered net zero, aligned, or aligning by 2025, 75% 2030.
Portfolio decarbonisation reference target
-70% portfolio emissions in absolute terms.
-60% portfolio emissions in intensity terms.
Allocation to climate solutions target
60% of AUM allocated to climate solutions.
GHG scopes included:
At the moment our targets only include scope 1 and 2, when the coverage for scope 3 improves we will include it in our targets.
Methodology:
Net Zero Investment Framework
Scenario(s):
We have used the IPCC special report on global warming of 1.5°C as a basis for deriving and setting the target. The target of a 70% reduction by 2030 of our carbon emissions, corresponds to an annual reduction of approximately 10,4%, and the carbon intensity target of a 60% reduction by 2030 corresponds to an annual reduction of approximately 8% which is thus considered applicable for the global reduction requirement as specified by the IPCC special report.
Additional information
Proportion of AUM committed:
At the moment we only have carbon data for 70% of our holdings. When the data coverage increases our proportion of AUM will also increase.
Policy on coal and other fossil fuel investments:
Fondita does not invest in coal or fossil fuels, this is included in our exclusion policy. Fondita’s responsible investment policy.