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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.

Initial Target Disclosure: November 2022

9.9% of total AUM

initially committed to be managed in line with net zero

USD $13.9 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

Baseline(s):

2019

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):

2030

Portfolio coverage target

70% by 2025, 90% by 2030.

2030

Engagement threshold target

70% of AUM in material sectors is considered net zero, aligned, or aligning 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.