Metzler Asset Management
Metzler Asset Management is based in Germany and joined the Net Zero Asset Manager Initiative in 2021. Metzler made their Initial Target Disclosure in November 2022.
5.4% of total AUM
initially committed to be managed in line with net zero
USD $2.4 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
139,3 tCO2e/ $mn sales
Portfolio decarbonisation reference target
69,65 tCO2e/ $mn sales
GHG scopes included:
GHG scopes included: Scope 1 & 2 only for the portfolio-level emissions pathway. Scope 3 emissions are monitored and included into the ESG Reporting of each strategy.
Net Zero Investment Framework
We use the Intergovernmental Panel on Climate Change (IPCC) special report on global warming of 1.5°C as a basis, which states that for global emissions pathways that feature ‘no or limited overshoot’, global GHG emissions need to decline by 45% by 2030 from 2010 levels. According to the UN Framework Convention on Climate Change (UNFCCC), global GHG emissions grew by 11% between 2010 and 2011. Therefore, a 50% reduction from 2019 levels is needed by 2030.
Proportion of AUM committed:
In selection of funds, we have focused on actively managed mutual equities and fixed income corporate bond funds given the availability of methodology and data. We plan to expand the proportion of AUM going forward, including segregated accounts and further assets classes.
Policy on coal and other fossil fuel investments:
No. For our in-house actively managed strategies, i. e. the “Sustainability” product family, companies that generate more than 30 % of their turnover from the mining of thermal coal or more than 30 % of their turnover from the generation of electricity on the basis of thermal coal are excluded. In addition, companies that generate more than 5% of their sales through the extraction of oil
or gas using fracking technology are excluded. Climate risks play a significant role in the engagement and voting process. The results of the engagement and voting are published annually on the Metzler Asset Management website.