JGP
JGP operates as an investment management firm headquartered in Brazil primarily serving clients in Brazil. It joined the Net Zero Asset Managers Initiative on 29 March 2021 and its initial target disclosure was published on 1 May 2022.
22% of total AUM
initially committed to be managed in line with net zero
USD $1.6 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
Temperature Rating: 2.5°C
Portfolio companies setting a science-based target: 10%
Target(s):
Portfolio coverage target
Temperature Rating: 2°C
Portfolio companies setting a science-based target: 50%
Portfolio coverage target
Temperature Rating: 1.5°C
Portfolio companies setting a science-based target: 100%
GHG scopes included:
Full coverage (Scope 1, 2 and 3) on the in scope assets
Methodology:
Science Based Target initiative for Financial Institutions
Scenario(s):
IPCC special report on global warming of 1.5°C
Additional information
Proportion of AUM committed:
We have included in our targets all of our equities and credit AUM. The other asset classes under our AUM, hedge funds and retirement funds, are temporarily excluded from our commitments as we currently lack a global methodology to align parts of those asset classes (mostly derivatives, currencies, and futures). JGP is committed to aligning these asset classes once suitable methodologies become available.
Policy on coal and other fossil fuel investments:
We’ve developed an exclusion list for all funds which states that we won´t invest in companies that derive more than 10% of its revenue from coal mining or doesn´t have plans for diversification.
Further information: