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.
Percentage of assets covered by the Net Zero Asset Managers Commitment Statement
70% of total AUM (USD $0.4 billion)
Information on interim target(s) covering the proportion of assets to be managed in line with net zero
Baseline(s):
Portfolio coverage baseline
As of 2022, 21% of our holdings (according to our data provider) has put up net zero targets and approximately 52% have put up carbon reduction targets (according to our data provider).
Portfolio decarbonisation reference baseline
451800 tCO2e – portfolio emissions in absolute terms.
753 tCO2e/$mn invested – portfolio emissions in intensity terms.
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
-60% portfolio emissions in absolute terms.
-50% portfolio emissions in intensity terms.
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.
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.