Man Group plc
Man Group has five investment management businesses which provide a diverse range of strategies across investment approaches, styles and asset classes. Man Group joined the Net Zero Asset Managers Inititative in July 2021 and made its Initial Target Disclosure in November 2022.
Percentage of assets covered by the Net Zero Asset Managers Commitment Statement
41% of total AUM (USD $62.7 billion)
Information on interim target(s) covering the proportion of assets to be managed in line with net zero
Baseline(s):
Portfolio decarbonisation reference baseline
255 tCO2e/$M revenue (for Man Group’s in-scope assets). Please note that when new data becomes available we may re-state historic figures to keep them consistent with current calculations.
Target(s):
Portfolio decarbonisation reference target
-50% portfolio emissions in intensity terms.
GHG scopes included:
Scope 1 and 2 emissions are covered currently. We plan to incorporate Scope 3 emissions into assessment and target-setting under NZAM as data quality and company disclosure expands on Scope 3.
Methodology:
Net Zero Investment Framework
Scenario(s):
Our targets are set in line with guidance provided by the Net Zero Investment Framework and are consistent with delivering a fair share of the 50% global reduction in CO2 emissions by 2030 identified as a requirement in the IPCC special report on global warming of 1.5°C.
Additional information
Proportion of AUM committed:
For our initial target, we have included listed equities and corporate bonds after assessing that these asset class methodologies were the most robust. We decided to designate asset classes in scope where there are well-established methodologies with data from third party data providers, and where we have robust greenhouse gas emission measurement frameworks. In our initial AUM figure, we have excluded certain systematic strategies due to lack of adequate methodologies and the directional nature of these strategies which leads to volatility in emission figures. We will increase the percentage over time by expanding measurement and target setting to multiple asset classes. The target scope will be reviewed and expanded as more emissions data becomes available (data availability and quality is expected toimprove over time) and as methodologies for other asset classes develop. Our intention is to increase the portion of assets to be managed in line with net zero annually.
Policy on coal and other fossil fuel investments:
No. Due to our client- and investor-led approach, we do not currently have a firm-wide fossil fuel policy. However, we regularly review our approach and engage with clients regarding this. Man Group’s Responsible Investment policy, available on our website, details our exclusion policy for Coal Mining and Power Generation. We have a more stringent exclusion policy applied to funds with a stronger ESG focus. This restriction list reflects international norms and conventions supporting the exclusion of four areas: Banned Weapons, Nuclear Weapons, Tobacco, and Coal Mining & Power Generation.
Further information:
Please visit the climate section of our website for more information on our approach towards managing climate risks and opportunities across our investments.