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.
100% of total AUM
initially committed to be managed in line with net zero
USD $.174 billion
currently committed to be managed in line with net zero
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.