Raiffeisen KAG
Raiffeisen Kapitalanlage-Gesellschaft m.b.H is part of Austria’s largest banking group. They joined the Net Zero Asset Managers Initiative in December 2022 and made its Initial Target Disclosure in August 2023.
Percentage of assets covered by the Net Zero Asset Managers Commitment Statement
23% of total AUM (USD $11.3 billion)
Information on interim target(s) covering the proportion of assets to be managed in line with net zero
Baseline(s):
Portfolio decarbonisation reference baseline
Baseline amount is EUR 8.3 bn, the metric used is relative emissions intensity (tCO2/invested million EUR), scope 1+2
Engagement threshold baseline
Engagement outcomes:
Number of investees having SBTi aligned targets or committed to net-zero: 45%
Number of investees having SBTi approved targets: 30%
Target(s):
Portfolio decarbonisation reference target
– 25 % by 2025
– 50 % by 2030
Net Zero by 2050
Engagement threshold target
Engagement outcomes:
Number of investees having SBTi aligned targets or committed to net-zero following engagement: significantly higher than 45%
Number of investees having SBTi approved targets following engagement: significantly higher than 30%
Allocation to climate solutions target
We are committed to investing in the transition to a low-carbon economy. One of our targets is to identify and allocate capital to climate-friendly solutions and low-carbon investments. We are transparent in our investments in climate-friendly solutions and low-carbon related investments.
In 2022, we had $ 618.8 mln. invested in equities and corporate bonds in the Raiffeisen-GreenBonds Fund and the RaiffeisenSmartEnergy-ESG Fund, both of which are Art. 9 funds and invest in environmental and climate projects or directly in renewable energy companies.
Raiffeisen KAG invests heavily in renewable energy and climate-friendly companies throughout its portfolio. Raiffeisen KAG is committed to increase these efforts in the coming years.
Raiffeisen KAG’s financing transition target for 2025 is based on the volume of the two funds that are decidedly focused on climate targets, the Raiffeisen-GreenBonds Fund and the Raiffeisen-SmartEnergy-ESG Fund. The volume of companies invested in both funds is expected to exceed 4% of the total volume of the base portfolio in 2025.
GHG scopes included:
Metric: Relative emission intensity (tCO2/EUR million invested)
– Scope: Scope 1 + 2
– Current data availability at Scope 3 insufficient
Base year (emissions): 2019 (122.97 tCO2/ invested EUR million).
Methodology:
Net Zero Asset Owner Alliance Target Setting Protocol
Scenario(s):
Raiffeisen KAG uses SBTi Data (provided by our research partners MSCI ESG and ISS ESG). The scenarios used are provided by IEA and IPCC.
Additional information
Proportion of AUM committed:
Target structure & step-by-step plan:
– 2025 target: reduce emissions intensity by at least 25%
– 2030 target: Reduce emissions intensity by at least 50%
Target 2050: Raiffeisen KAG commits to transition its investment portfolio to net-zero GHG emissions by 2050, which corresponds to a maximum global temperature increase of 1.5° by 2050.
Policy on coal and other fossil fuel investments:
Raiffeisen KAG has a clear deinvestment path (made public) in the coal-sector. A similar policy is intended to publish in the near future for fossil fuels.
Further information:
https://www.rcm.at/at-de/privat-anleger/themen/nachhaltigkeit/