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OP Asset Management Ltd

OP Asset Management is a Finnish Asset Management company. OP joined the Net Zero Asset Managers Initiative in November 2021 and made its Initial Disclosure in November 2022.

Initial Target Disclosure: November 2022

Percentage of assets covered by the Net Zero Asset Managers Commitment Statement

35.9% of total AUM (USD $26.5 billion)

Information on interim target(s) covering the proportion of assets to be managed in line with net zero



Portfolio decarbonisation reference baseline

179tCO2e/ $mn invested



Portfolio decarbonisation reference target


GHG scopes included:

Our target currently consists of scope 1 and 2 emissions only. We have started to analyse information on scope 3 emissions and will continue our work on understanding how to credibly include and calculate scope 3 for our targets.


Net Zero Investment Framework


IPCC’s 1.5°C scenarios and IEA NZE 2050

Additional information

Proportion of AUM committed:

We will start by covering those asset classes and funds where we have enough information on the baseline carbon emissions so that we can confidently calculate and confirm the reaching of the mid-target. We have also excluded discretionary client mandates.

Policy on coal and other fossil fuel investments:

Yes. Our thermal coal policy covers all our direct active investments. OP Asset Management excludes companies that make more than 20 per cent of their revenue from thermal coal-based power generation and companies that make more than 20 per cent of their revenue from thermal coal mining. We will stepwise tighten the coal revenue threshold to zero by the end of 2030.

Further information:

We publish all our principles and policies, as well as reports related to ESG and climate here.