Vert Asset Management
Vert Asset Management is a dedicated ESG – Environmental, Social, Governance – fund manager. Vert is a Certified B Corp. Vert joined the Net Zero Asset Managers Initiative in November 2021 and made its Initial Target Disclosure in January 2023.
Percentage of assets covered by the Net Zero Asset Managers Commitment Statement
100% of total AUM (USD $.174 billion)
Information on interim target(s) covering the proportion of assets to be managed in line with net zero
Baseline(s):
In 2019, 14% of the portfolio companies were SBTi.
Target(s):
Our target is for 50% of the portfolio companies to set SBTi targets by 2030.
GHG scopes included:
In the baseline year 2019, 80% of the portfolio reported Scope 1 and Scope 2 emissions. We will phase in Scope 3 emissions as data reporting and transparency improves.
Methodology:
Science Based Target initiative for Financial Institutions
Scenario(s):
We are using the IPCC 1.5°C scenarios and the IEA’s Net Zero 2050, both used by the Science-Based Targets initiative (SBTi).
Additional information
Policy on coal and other fossil fuel investments:
Our current and only mutual fund – the Vert Global Sustainable Real Estate Mutual Fund – invests in real estate investment trusts. There are currently no coal or fossil fuel companies in our fund.
Further information:
Engagement:
We engage 100% of the constituents in the portfolio each year. In 2019, our engagement campaign focused on the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). In 2020, we discussed net-zero targets and goals. In 2021, we spoke with companies about the health and well-being aspects of the built environment. We have ongoing conversations with companies on net-zero pathways and asset-level sustainability plans.
Please learn more about our engagement work on our website.