Quaero Capital is an independent, specialist fund management group which brings together independently minded investment managers who use original research to provide highly actively managed strategies for clients in the institutional and wholesale markets. They joined the Net Zero Asset Management Initiative in June 2022 and made their Initial Target Disclosure in August 2023.
Percentage of assets covered by the Net Zero Asset Managers Commitment Statement
45% of total AUM (USD $1.18 billion)
Information on interim target(s) covering the proportion of assets to be managed in line with net zero
Portfolio coverage baseline
Portfolio coverage target
GHG scopes included:
The target covers Scope 1 & 2 for all assets and Scope 3 when these emissions represent more than 40% of total Scope 1,2 & 3
Science Based Target initiative for Financial Institutions
We follow the methodology set out in the SBTi guidance for Financial Institutions. This guidance was developed in line with Paris-aligned emissions reduction pathways to limit warming to 1.5 degrees.
Our target includes an assumption that 90% of our investments in large cap companies will have approved science-based targets by 2030. With slower uptake in Asia and with small cap companies, but still ambitious targets, we believe our 2030 goal represents a fair share of the 50% global reduction in CO2 emissions.
Policy on coal and other fossil fuel investments:
Details of our coal exclusion policy are included in our Climate Policy, available on our website. We exclude investments in:
- Companies that make more than 20% of revenues from coal mining and/or coal thermal
- Electricity production companies with coal-powered plants contributing >20% generation and whose carbon intensity is not in line with the objectives of the Paris Agreement (unless there are credible commitments to reduce emission intensity by 2035)
This applies to all investments in listed securities except for certain platform funds.
There are also coal exclusions in place for other asset classes, which can be read in further detail in our Climate Policy.