Schroders plc
Schroders plc is a UK-based global investment manager headquartered in London with 38 offices globally across the Americas, Asia-Pacific, Europe, and the Middle East and Africa. It joined the Net Zero Asset Managers Initiative on 11 December 2020 and its initial target disclosure was published on 1 November 2021.
Percentage of assets covered by the Net Zero Asset Managers Commitment Statement
60% of total AUM (USD $396 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
Portfolio temperature score:
• Mid term Scope 1 & 2: 2.92°C
• Long term Scope 1, 2 & 3: 3.15°C
Portfolio coverage baseline
Portfolio coverage: 60%
Target(s):
Portfolio decarbonisation reference target
Portfolio temperature score:
• Mid term Scope 1 & 2: 2.19°C by 2030
Portfolio decarbonisation reference target
Portfolio temperature score:
• Long term Scope 1, 2 & 3: 1.5°C by 2040
Portfolio coverage (AUM managed in line with the above): 100% by 2050
GHG scopes included:
For the baseline year 2019, our financed emissions includes Scopes 1 & 2. Going forward, we will include Scope 3 as mandated by the PCAF timeline.
Methodology:
Science Based Target initiative for Financial Institutions
Scenario(s):
IPCC AR5 1.5°C
Additional information
Proportion of AUM committed:
Currently we have included our listed equities and credit asset classes as we have been able to obtain the required data and have developed models to measure the financed emissions and temperature alignment of these assets.
Going forward, we will include more asset classes as methodologies develop such that the proportion will increase over time.
Policy on coal and other fossil fuel investments:
We are planning to start disclosing our investments in fossil fuel sectors and have coal exclusions for our sustainable product range. We continue to keep our fossil fuel investment policy under review.
Further information:
We will be publishing more detail around our climate change strategy ahead of COP26 which will be in the public domain. At the time of submission of this form, this is not yet available.