Old Mutual Investment Group
Old Mutual Investment Group is an established South African investment house and leading Responsible Investor, with a long history of helping people and institutions achieve their investment goals. Old Mutual joined the Net Zero Asset Managers Initiative in February 2022 and made their Initial Target Disclosure in February 2023.
Percentage of assets covered by the Net Zero Asset Managers Commitment Statement
100% of total AUM (USD $30 billion)
Information on interim target(s) covering the proportion of assets to be managed in line with net zero
Baseline(s):
Portfolio coverage baseline
8% of AUM in material sectors considered net zero, aligned or aligning.
Engagement threshold baseline
8% of financed emissions in material sectors considered net zero, aligned or aligning.
Target(s):
Portfolio coverage target
24% of AUM in material sectors will be considered net zero, aligned, or aligning by 2025, 50% of AUM in material sectors will be considered net zero or aligned by 2030, 75% of AUM in material sectors will be considered net zero or aligned by 2040, 100% AUM under net zero conditions by 2050.
Engagement threshold target
80% of financed emissions in domestic listed equity will be net zero, aligning or aligned by 2025; 100% of financed emissions in domestic listed equity will be net zero, aligning or aligned by 2030; 75% of financed emissions in material sectors will be net zero or aligned actions by 2040 (domestic and offshore assets); 100% financed emissions in material sectors will be net zero or aligned actions by 2050 (domestic and offshore assets).
80% of financed emissions in domestic listed equity will be net zero, aligning or aligned by 2025 and 100% of financed emissions in domestic listed equity are subject to direct or collective engagement and stewardship actions by 2025.
GHG scopes included:
We confirm that our coverage is focused on scope 1 and 2 emissions and we are using our research tools to broaden the coverage of scope 3 emissions as the disclosure of these emissions improves from our portfolio companies.
Methodology:
Net Zero Investment Framework
Own/other methodology
Scenario(s):
P1 pathway of IPCC report on pathways which aim toward a 1.5C temperature rise by the end of the century.
Additional information
Policy on coal and other fossil fuel investments:
As part of the group of companies that has adopted a position on coal, as an asset manager within the group, we are cognisant of the policy as it may apply to us.