Tokio Marine Asset Management
Tokio Marine Asset Management Co., Ltd. (TMAM) provides investment advisory services for corporate pension funds and other institutional investors and corporate clients, and offers public investment trusts for individual customers. TMAM joined the Net Zero Asset Managers Initiative in September 2022 and made its Initial Target Disclosure in June 2023.
Percentage of assets covered by the Net Zero Asset Managers Commitment Statement
25.9% of total AUM (USD $17.3 billion)
Information on interim target(s) covering the proportion of assets to be managed in line with net zero
Baseline(s):
Portfolio decarbonisation reference baseline
120.04 tCO2E/$mn invested
Target(s):
Portfolio decarbonisation reference target
-50%
GHG scopes included:
We use Scope1 and 2. Scope3 is not included in our target. We will include Scope3 emissions when data becomes available.
We intend to use primarily individual company disclosures (HP).
Methodology:
Net Zero Investment Framework
Scenario(s):
We assume the P3 scenario of the IPCC Special Report.
Additional information
Proportion of AUM committed:
We set our target according to the proportion of our major investments (listed stocks and corporate bonds) for which GHG data can be measured. At present, we don’t include assets other than listed stocks and corporate bonds in the target since we are not able to measure the data for those assets. We plan to expand measurable assets through engagement with investee companies and ESG data providers to raise the proportion in the future.
Policy on coal and other fossil fuel investments:
We are considering policy on coal and fossil fuel investment.