PineBridge Investments
PineBridge Investments is a private, global asset manager focused on active, high-conviction investing. PineBridge joined the Net Zero Asset Managers Initiative in November 2021 and made its Initial Disclosure in November 2022.
Percentage of assets covered by the Net Zero Asset Managers Commitment Statement
9.9% of total AUM (USD $13.9 billion)
Information on interim target(s) covering the proportion of assets to be managed in line with net zero
Baseline(s):
Engagement threshold baseline
There is no baseline year performance as we aim to engage with the issuers in scope on Net Zero regardless of historical engagement activities. We will assess the current alignment of our funds in scope and track the alignment to measure progress toward the engagement targets.
Target(s):
Portfolio coverage target
- Issuers making up 50% of financed emissions (defined as the greenhouse gas emissions associated with our investments’ activities) will either be assessed as net zero, assessed as aligned, or assessed as subject to direct engagement/active management by 2030.
- 100% by 2040.
Engagement threshold target
- Issuers making up 70% of financed emissions (defined as the greenhouse gas emissions associated with our investments’ activities) in material sectors will either be assessed as net zero, assessed as aligned, assessed as aligning, or assessed as subject to direct engagement/active management by 2025.
- 90% by 2030.
GHG scopes included:
Due to the considerable data gap in Scope 3 emissions disclosures, our analysis currently only includes Scope 1 and 2
emissions. However, when available we intend to include Scope 3 emissions over time.
Methodology:
Net Zero Investment Framework
Scenario(s):
IPCC 1.5°C Pathways
Additional information
Proportion of AUM committed:
Every five years, PineBridge will aim to progressively increase the AUM in scope by actively engaging with our clients and
collaborating with them on their net zero targets. The current AUM in scope includes our Fixed Income, Equities, and Multi
Asset proprietary funds, and does not include our Alternatives, Sovereigns, Private Credit, Private Equity, and Real Estate
businesses. As data and methodologies become more available over our asset classes, we will aim to increase this proportion
over time.
Policy on coal and other fossil fuel investments:
No. We continue to develop a methodology to meet our NZAM requirements in relation to coal and fossil fuels.