LaSalle Investment Management
LaSalle is an investment manager focused solely on one asset class: real estate. LaSalle joined the Net Zero Asset Managers Initiative in November 2021 and made their Initial Target Disclosure in November 2022.
40% of total AUM
initially committed to be managed in line with net zero
USD $31.5 billion
currently committed to be managed in line with net zero
Information on interim target(s) covering the proportion of assets to be managed in line with net zero
Portfolio decarbonisation reference baseline
30 tCO2e/$m AUM, net of debt and including scope 3
Portfolio decarbonisation reference target
-50% portfolio emissions in intensity terms.
GHG scopes included:
We committed to Scope 1 and 2 and to the extent possible, scope 3.
Net Zero Investment Framework
LaSalle uses CRREM pathways which is anticipated to be considered science based by 2023.
Proportion of AUM committed:
Today we are managing approximately 40% of our AUM in line with net zero. We expect this percentage will grow in the near term as we are in the process of engaging with our various clients to confirm commitments to net zero. We also expect this percentage will grow over time as we launch new funds to be managed in line with net zero.
Policy on coal and other fossil fuel investments:
No. LaSalle does not invest in coal/fossil fuel investments, only real estate, so no policy is required.
LaSalle will publish a climate action plan in 2023 that articulates our global net zero strategy.