Ninety One is an independent, active global asset manager dedicated to delivering compelling outcomes for its clients. Ninety One joined the Net Zero Asset Managers Initiative in July 2021 and made its Initial Target Disclosure in November 2022.
Percentage of assets covered by the Net Zero Asset Managers Commitment Statement
68% of total AUM (USD $127.64 billion)
Information on interim target(s) covering the proportion of assets to be managed in line with net zero
3.3% corporate assets under management with an SBTi approved science-based target.
The proportion of our corporate AUM covered by Paris-aligned science-based targets to exceed the SBTi requirements for Ninety One to obtain a verified SBTi. We calculate this requirement to be 56% of our corporate assets under management with transition pathways, including science-based targets, by 2030.
At least 50% of the financed emissions for corporate assets under management at Ninety One will be generated by companies with Paris-aligned science-based transition pathways by 2030, including science based targets. The assessment of transition plans covers the criteria for corporates set out in the Net Zero Investment Framework.
We will also undertake direct engagement with companies responsible for at least 80% of our financed emissions, prioritising engagement with our highest emitting companies (currently 24 companies who responsible for >50% of our financed emissions) to maximise the proportion of our corporate AUM and financed emissions with science-based transition pathways.
GHG scopes included:
The portfolio coverage methodology used by Ninety One expects companies to set science-based targets and have transition plans including coverage of their Scope 1, 2 and material scope 3 emissions.
Net Zero Investment Framework
Science Based Target initiative for Financial Institutions
The portfolio coverage methodology used by Ninety One expects companies to set science-based targets consistent with ascience-based net zero pathway. The primary science-based pathway currently utilised to assess targets and transition plans is the IEA NZE 2050 scenario. As an investor with a majority of assets in emerging markets, Ninety One recognises the importance of differentiation in country and sectoral pathways and the context of a country’s NDC to support a just transition to net zero, and assesses company targets and plans accordingly.
Proportion of AUM committed:
The proportion currently being managed in line with net zero covers all corporate debt and equity assets managed by Ninety One. Ninety One is working actively, for example with ASCOR and IIGCC, to support development of methodologies to enable additional asset classes to be included over time.
Policy on coal and other fossil fuel investments:
No. Ninety One does not impose its values on our clients and their portfolios and therefore does not have a single firm-wide policy to exclude or limit investment in coal or other fossil fuels. However, we do offer a range of dedicated investment strategies with defined sustainability objectives that focus on positive inclusion and consequently involve exclusions or limits in relation to coal and other fossil fuel investments. As an active investor, our firm-wide approach to net zero is to maximise our real economy contribution to emissions reduction by engaging high emitting companies to set targets and develop science-based transition plans. Our approach to exclusions is reviewed regularly and approved by the Sustainability Committee.
For more information on Ninety One’s net zero transition plan and approach to sustainability please see our Sustainability and Stewardship report.