Sompo Asset Management
Established in 1986, Sompo Asset Management is a leading asset manager of Japanese Assets in Sompo Group. Sompo joined the Net Zero Asset Managers initiative in January 2022 and made its initial Target Disclosure in February 2023.
Percentage of assets covered by the Net Zero Asset Managers Commitment Statement
40% of total AUM (USD $12.2 billion)
Information on interim target(s) covering the proportion of assets to be managed in line with net zero
Baseline(s):
Portfolio coverage baseline
53% of AUM (listed equities and corporate bonds) is considered to achieve net zero, aligned to net zero, or aligning to net zero.
Portfolio decarbonisation reference baseline
155.6 tCO2e/$M Sales
Target(s):
Portfolio coverage target
60% of AUM (listed equities and corporate bonds) is considered to achieve net zero, aligned to net zero, or aligning to net zero by 2025; 70% by 2030.
Portfolio decarbonisation reference target
50％ reduction in carbon intensity (tCO2e/$M Sales) by 2030.
GHG scopes included:
We use Scope 1 and 2 in our targets. We will include Scope 3 once data quality and availability are sufficient.
Methodology:
Net Zero Investment Framework
Scenario(s):
The IPCC special report on global warming of 1.5°C.
Additional information
Proportion of AUM committed:
We currently include listed equities and corporate bonds in the interim target. We will include other assets like sovereign bonds as target methodologies develop.
Policy on coal and other fossil fuel investments:
We will not make new investments in companies whose primary business is coal, oil sands, or oil and gas extraction projects in the Arctic National Wildlife Refuge (ANWR) unless they establish a GHG reduction plan. Our current policy is targeted only to projects in the ANWR. Although we don’t have a plan to expand it for now, we will review and enhance it if appropriate/needed.