Van Lanschot Kempen
Van Lanschot Kempen is a Dutch-based specialist, independent wealth manager with offices in Amsterdam and ‘s-Hertogenbosch. 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
100% of total AUM (USD $123.8 billion)
Information on interim target(s) covering the proportion of assets to be managed in line with net zero
Baseline(s):
We cannot give this baseline performance as we use a bottom-up approach, which means that the performance depends on the fund (and benchmark used).
Target(s):
Portfolio coverage target
We use the pathway of the EU Benchmarks, based on the IPCC 1.5°C climate scenarios. This translates to an average of 7% carbon reduction (on fund level, on a comply or explain basis), based on the benchmark of the specific portfolios.
2025 Short-term objectives: All listed investments (where we have data) aligned with Paris pathway.
Portfolio coverage target
2030 Mid-term ambition: All listed and non-listed investments (where we have influence) aligned with Paris pathway.
Portfolio coverage target
2050 Long-term commitment: Become a net zero investor.
GHG scopes included:
We use Scope 1 & 2 in our carbon targets, and use Scope 3 as part of our engagements with investee companies.
Methodology:
Own/other methodology
Scenario(s):
IPCC 1.5°C climate scenarios, which was also the basis for the EU Benchmarks (CTB/PAB).
Additional information
Policy on coal and other fossil fuel investments:
In our climate change policy, we take into account coal and fossil fuel related activities.
Further information:
Target setting: With our commitment, policy, governance, targets, measures and reporting we aim to decarbonise our investment portfolios in a way that is consistent with achieving global net zero greenhouse gas emissions by 2050. Our approach incorporates elements from the Paris Aligned Investment Initiative’s Net Zero Investment Framework, and we will enhance our approach going forward whereby we will also take this framework into account as well.
Alignment assessment and engagement: We use ESG instruments to reach our objectives and ensure reductions in the real economy. These include climate sector engagements (direct and collaborative engagements via the Climate Action 100+), integration of climate risks and opportunities in portfolios, climate related exclusions and impact related investments. More details can be found in our climate change policy.
We have integrated climate change in our governance, strategy, targets and metrics (where feasible and relevant). We report on these climate change elements in our annual TCFD disclosures (to be found here: task-force-on-climate-related-financialdisclosures-25-02-2021.pdf (vanlanschotkempen.com)).
https://www.kempen.com/-/media/Asset-Management/ESG/Climate-change-policy.pdf