Kieger is an independent asset manager that designs solutions for clients who care about making a positive difference, towards a more sustainable world. Kieger 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
50% of total AUM (USD $1 billion)
Information on interim target(s) covering the proportion of assets to be managed in line with net zero
Kieger’s listed equity and corporate fixed income portfolio had, as of the baseline year 2019, 19% Science-based target coverage on a portfolio weighted basis.
At least 50% of the market value in listed equity and corporate bond assets will have approved science-based targets (SBTs) by December 31st 2030, with an interim target of 30% by 2025. Following SBTi methodology guidance, our target for 2040 will be 100% of the market value in listed equity and corporate bond assets to have approved SBTs.
GHG scopes included:
The target covers Scope 1 and 2 emissions for all committed assets and moreover covers Scope 3 emissions when these represent more than 40% of their total emissions, as per the SBTi target setting methodology.
Science Based Target initiative for Financial Institutions
The science-based scenarios used by SBTi-FI are aligned with 1.5 °C pathways and are drawn from integrated assessment models (such as the 1.5 °C low/no overshoot scenarios from IPCC and the One Earth Climate Model) and hybrid scenarios (including for example the NZE scenario from IEA).
Proportion of AUM committed:
The in-scope AuM includes all AuM in listed equities and corporate fixed income. Other asset classes are currently not in-scope, including sovereign bonds, alternative and hedge fund strategies and private market investments. We have not yet included these asset classes, due to issues related to data coverage and quality, and because the related methodologies are still in development. As the related data and methodological issues subside, our ambition is to increase the percentage of in-scope AuM over time and expand measurement and target setting across a greater part of our portfolio.
We have a strategical underweight to fossil fuel investments in our portfolio but have not adopted a related policy. We are considering how to codify our approach in relation to fossil fuel investments and to develop a related firm-wide policy.