Search our Signatories
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors


Invesco is an independent global investment management firm with 53 offices across Europe, Asia Pacific, the UK and Ireland, the Middle East and Africa, and North America. It joined the Net Zero Asset Managers Initiative on 29 March 2021 and its initial target disclosure was published on 1 May 2022.

Initial Target Disclosure: May 2022

Percentage of assets covered by the Net Zero Asset Managers Commitment Statement

12% of total AUM (USD $195 billion)

Information on interim target(s) covering the proportion of assets to be managed in line with net zero



Portfolio coverage baseline

39% of AUM in material sectors is considered net zero, aligned or aligning


Portfolio decarbonisation reference baseline

Absolute emissions: 4,557,759

Carbon footprint: 73 tCO2e / USD mn invested

Coverage: 74%



Engagement threshold baseline

2% of financed emissions in material sectors achieving net zero or aligned

20% of financed emissions in material sectors are subject to engagement



Portfolio coverage target

Every five years, meaningfully increase the percentage of AUM in material sectors which are considered net zero, aligned or aligning with annual report on progress.


Engagement threshold target

Companies making up 70% of financed emissions in material sectors will either be assessed as net zero, assessed as aligned or subject to direct engagement / active management by 2025.


Portfolio decarbonisation reference target

50% lower carbon footprint as measured by tCO2/$ invested by 2030 versus 2019 baseline


Engagement threshold target

Companies making up 90% of financed emissions in material sectors will either be assessed as net zero, assessed as aligned or subject to direct engagement / active management by 2030.


Portfolio coverage target

100% of AUM in material sectors is considered net zero or aligned by 2040.


Engagement threshold target

100% of assets in material sectors are aligned or achieving net zero by 2040, as stipulated in the PAII NZIF.


Portfolio decarbonisation reference target

Net zero by 2050 against 2019 baseline

GHG scopes included:

Our measurements include Scope 1 and 2 top-down portfolio reduction targets. Given the estimated nature of current Scope 3 assessment methodologies available, we believe this measurement is too immature at this stage. Whilst Scope 3 emissions are not considered in the emissions target, they are still crucial in assessing the alignment of companies at the issuer level.


Net Zero Investment Framework

Own/other methodology


The interim target of a 50% global reduction in CO2 emissions by 2030 using a 2019 baseline is based on IPCC pathway S1/P2 (47% reduction based on 2010 baseline) to have a better than 66% chance of staying under 1.5°C with limited or no overshoot.

Additional information

Proportion of AUM committed:

Our approach to net zero is client- and investorled, thoughtful and rigorous. Our AUM commitment includes portfolios where clients are seeking to implement a decarbonisation objective consistent with net zero by 2050 or sooner, as well as where the investment team is committed to working with companies to support their efforts to manage transition risk in line with client objectives. It also includes approaches where broad alignment with net zero is embedded in the fund strategies. As methodologies continue to evolve, we will work with our clients and investment teams to further increase our committed AUM over time.

Policy on coal and other fossil fuel investments:

Certain Invesco funds have a fossil fuel exclusion policy, including revenue thresholds on thermal coal extraction and power generation. Due to our client- and investor-led approach, we do not have a firm-wide fossil fuel exclusion policy.

Further information:

Target setting: Invesco offers a broad range of investment capabilities and vehicles to its clients across the globe. We are being thoughtful with regard to assessing the feasibility of Net Zero for all asset classes and vehicles. Our AUM commitment reflects the broad and diverse nature of capabilities across Invesco, as well as our client- and investor-led approach.

More specifically, we are:

• Having conversations with clients to understand their needs and refine our approach to support them in their transition to net zero

• Engaging with company management and, where it makes sense, collaborating globally to ensure a coordinated approach to support companies on their net zero pathway

• Building tools to support our investment teams in screening portfolios for alignment, track metrics and identify issuers for engagement

• Producing a net zero research methodology that generates a net zero rating to assess alignment

Climate Change Report