Search our Signatories
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors

Sprucegrove Investment Management

Sprucegrove Investment Management provides investment advice to institutional clients in the specialized area of global equities. Sprucegrove Investment Management joined the Net Zero Asset Management Initiative in November 2021. They made their Initial Target Disclosure in November 2022.

Initial Target Disclosure: November 2022

Percentage of assets covered by the Net Zero Asset Managers Commitment Statement

100% of total AUM (USD $15.2 billion)

Information on interim target(s) covering the proportion of assets to be managed in line with net zero



Portfolio coverage baseline

We do not yet have sufficient information to fully evaluate our baseline for aligned or achieving net zero.



Portfolio coverage target

Our aim is to have 50% of AUM in material sectors considered net zero, aligned, or aligning by 2030 and to have 100% of AUM in material sectors considered net zero or aligned by 2040.

GHG scopes included:

Scope 1 and 2 portfolio emissions are the basis for the targets. We intend to cover Scope 3 and will work towards including it over time based on data availability.


Net Zero Investment Framework


IPCC special report on global warming of 1.5°C

Additional information

Policy on coal and other fossil fuel investments:

No. Currently Sprucegrove Investment Management has no policy in place, however, part of our investment process is reviewing a company’s percentage of revenues involved in thermal coal production or extraction and/or fossil fuels. We are seeking to fulfil our fiduciary responsibility by investing in companies that strengthen the link between responsible business practices on climate
and profitable growth. Sprucegrove Investment Management will evaluate and strive to avoid, when possible, companies making new investments in thermal coal production or extraction and/or fossil fuels. We will seek to incorporate such a policy into our ESG guidelines and investment guidelines.