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Stewart Investors

Founded in 1988, Stewart Investors run Worldwide, Emerging Markets, Asia-Pacific, European and Indian Subcontinent equity investment strategies. Stewart joined the Net Zero Asset Managers Initiative in March 2022 and made its Initial Target Disclosure in July 2023.

Initial Target Disclosure: July 2023

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

100% of total AUM (USD $17.788 billion)

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



173,701 tonnes of Co2-e (Scope 1 & 2)

8.9 tonnes of CO2-e per $m invested (Scope 1 & 2)

34% of companies with targets
43% disclosing emissions



• 100% of companies disclosing scope 1 and 2 emissions by 2025
• 80% of financed emissions covered by targets by 2025, 100% by 2030
• Engage with 100% of companies that are not disclosing adequately or that do not have targets.
• We will also engage with high-emitting companies where we believe they could be reducing emissions more quickly.
• 100% net zero financed and operational emissions by 2050

GHG scopes included:

Our targets are related to scope 1 & 2 emissions, we will consider the inclusion of investee companies’ scope 3 emissions when reviewing targets.


Net Zero Investment Framework

Own/other methodology


Our internal pathway is to reduce emissions as quickly as possible. Our targets are not derived from any top-down models as they don’t align with how we invest and are looking to decarbonise at a faster rate than the IPCC or IEA pathways.

Additional information

Policy on coal and other fossil fuel investments:

We don’t invest in fossil fuel companies. Our position on harmful and controversial products and services.


Further information:

Climate Report