Latest Membership Stats
89Asset owners |
$ 9.5trAssets under management |
81Members published targets |
US$ 8.4trUnder the target-setting framework |
List of members:
Signatory | Region | Country | Intermediate Targets |
---|---|---|---|
AEGON Ltd. | Europe | Netherlands | Sub-portfolio target: Reduce the intensity of its corporate fixed income and listed equity portfolio emissions by 25% by 2025 (base year: 2019). Engagement target: Undertake engagement with 20 highest carbon emitters in Aegon’s portfolio by 2025. Climate solutions investments target: Put USD 2.5 billion towards investments in climate mitigation or adaptation activities by 2025. See the full published targets here. The member’s individual position on thermal coal and on the oil and gas sector can be found here. |
Aéma Groupe | Europe | France | Sub-portfolio target: Lower the carbon footprint (scope 1, 2, and 3) of corporate bond and listed equity portfolios by 50%, and no less than 40%, by 2030. Decarbonise directly-held real estate based on CRREM 1.5°C national pathways by 2030. Engagement target: Open dialogues with at least the 20 largest GHG emitters in the insurer credit bond portfolio by the end of 2023. See the full published targets here. The member’s individual position on thermal coal can be found here and here. The member’s targets on the oil and gas sector can be found here and here. |
African Risk Capacity Insurance Company Limited | Africa & Middle East | South Africa | Sub-portfolio target: Reduce the CO2 emission intensity in the publicly traded debt portfolio by 2030 (base year: 2021). Engagement target: Approach 12 different investee companies and asset managers with the goal of reducing their own and financed GHG emissions. The engagements will take place between 2021 and 2025. Climate solutions investments target: Increase climate solution related investments by 10% between 2021 to 2025. See the full published targets here. |
Ageas | Europe | Belgium | Sub-portfolio target: Reduce GHG intensity in the equities, corporate bonds and infrastructure portfolios (held by European consolidated entities) by 50% by 2030 (base year: 2021). Decarbonise real estate investments based on CRREM 1.5°C national pathways by 2030. Engagement target: Through asset managers and/or collective engagement initiatives, focus on the portfolio’s 20 highest GHG detractors and encourage them to take action to meet the European Commission’s net-zero ambition. Climate solutions investments target: Invest EUR 10 billion towards making a positive social and environmental impact by 2024 and dedicate at least EUR 5 billion towards climate related investments. See the full published targets here. The member’s individual position on thermal coal and on the oil and gas sector can be found here. |
AkademikerPension | Europe | Denmark | Sub-portfolio target: Reduce GHG portfolio emissions by 26.8% by 2025. See the full published targets here. The member’s individual position on thermal coal can be found here and on the oil and gas sector here. |
Alecta | Europe | Sweden | Sub-portfolio target: Reduce scope 1 and 2 emission intensity in listed equity and corporate bonds by 25%, and in directly owned real estate by 50% by 2025. Engagement target: Open climate-related dialogues with 20 companies. Climate solutions investments target: Practice transparency regarding green investments. Participate in 4 round tables and initiate dialogue with 2 Development Finance Institutions (DFIs). See the full published targets here. The member’s individual position on thermal coal and on the oil and gas sector can be found here. |
Allianz SE | Europe | Germany | Sub-portfolio target: Reduce emission intensity of listed equity, corporate bond (and all other corporate) portfolios by 50% 2030 (base year: 2019). Align directly-owned real estate (as well as 50% of real-estate funds) with 1.5C degree pathways of CRREM. Sector target: Carbon intensity targets set for oil and gas, utilities, steel, and the automobiles sectors. Engagement target: Engage with all external asset managers performing “below expectations” based on systematic assessment. Participate or lead at least 15 climate-focused multilateral engagements with a climate focus. Engage with 15 among the top 100 portfolio emitters that did not fall into the multilateral of AGI-PIMCO engagements. Climate solutions investments target: Increase investments in climate solutions by €20 billion by 2029, subject to market environment and constraints (base year: 2023). See the full published targets here. The member’s individual position on thermal coal can be found here and on the oil and gas sector here. |
AMF Pension | Europe | Sweden | Sub-portfolio target: Introduced a carbon budget that will decrease by 25% by 2025 (base year: 2019). Engagement target: Work towards a structured advocacy policy for the 20 companies with the highest carbon emissions in the portfolio. The aim is for all portfolio companies to implement a carbon budget aligned with the Paris Agreement goals. See the full published targets here. The member’s individual position on thermal coal can be found here and on the oil and gas sector here. |
Aviva plc | Europe | United Kingdom | Sub-portfolio target: Achieved 22% reduction in Scope 1 and Scope 2 weighted average carbon intensity in credit and equities by end of 2023 (base year: 2019). Engagement target: Has engaged with the 30 most systemically important carbon emitters in their portfolio. Ask investees to deliver Net Zero Scope 3 emissions and establish robust transition roadmaps. If no serious engagement with the companies is achieved, divest all held assets. Climate solutions investments target: Invested £7.5 billion in sustainable assets (base year: 2019). See the full published targets here. |
AXA | Europe | France | Sub-portfolio target: Reduce the carbon footprint of AXA’s General Account assets by 20% by 2025. See the full published targets here. The member’s individual position on thermal coal and on the oil and gas sector can be found here. |
Bayerische Versorgungskammer | Europe | Germany | Sub-portfolio target: Reducing portfolio emissions in listed equity, corporate bonds and real estate by 22% by 2025 (base year: 2021). Engagement target: Drive constructive dialogue directly, collaboratively with other investors, and through service provider Columbian Threadneedle with the largest CO2 emitters in the portfolio. Climate solutions investments target: Increase its investments in accordance with the EU taxonomy and make a contribution to “financing the transition to a climate-neutral world”. See the full published targets, including the member’s individual positions on thermal coal and on the oil and gas sector, here. |
BNP Paribas Cardif | Europe | France | Sub-portfolio target: Reduce the carbon footprint of directly held equity and bond portfolios by at least 23% by end of 2024 and of directly owned office properties by at least 12% by end of 2029 (base year: 2020). Engagement target: Continue shareholder engagement with some of the companies identified by the Climate Action 100+ initiative as the most emitting. Sector target: Reduce the emission intensity of power generation activities in the equity and bond portfolios to under 125 gCO2/kWh by the end of 2024. Climate solutions investments target: Allocate at least 800 million by 2025 to investments with a positive environmental impact, such as investments in energy transition, energy efficiency, waste recycling and biodiversity preservation. See the full published targets here. The member’s individual position on thermal coal can be found here and on the oil and gas sector here. |
BPCE Assurances | Europe | France | Sub-portfolio target: Reduce the carbon footprint of its bond portfolio by 30% by 2025 and of its equity portfolio by 50% by 2030 (base year for both: 2021) . Climate solutions investments target: Hold more than 10% of assets under management in “green investments” by 2025. See the full published targets, including the member’s individual positions on thermal coal and on the oil and gas sector, here. |
BT PS Management | Europe | United Kingdom | Sub-portfolio target: Reduce scope 1 and 2 carbon intensity of its equity and credit portfolio by at least 25% and real estate by at least 33% by 2025. Engagement target: actively engaging with the highest emitting companies in the portfolio and with fund managers, to ensure mandate objectives are aligned with the Scheme’s decarbonisation goals. Climate solutions investments target: Investing in assets that will support the transition towards a low carbon economy. See the full published targets here. The member’s individual position on thermal coal can be found here. |
Caisse de dépôt et placement du Québec | North America | Canada | Sub-portfolio target: Reduce portfolio carbon intensity by 60% by 2030 (base year: 2017). Climate solutions investments target: Invest CAD 54 billion in low-carbon assets by 2025. See the full published targets and the member’s individual position on thermal coal here and on the oil and gas sector here. |
Caisse des Dépôts | Europe | France | Sub-portfolio target: Cut carbon intensity by an additional 20% by 2025 for listed equity and corporate bond investments and by another 15% for real estate. CDC has already significantly reduced GHG portfolio emissions in the 2014-2020 period: by 47% in equity, 69% in debt and 25% in real estate. Engagement target: Promote commitment to carbon neutrality among 120 companies by 2025. See the full published targets here. The member’s individual position on thermal coal can be found here and on the oil and gas sector here. |
CalPERS | North America | USA | Engagement target: Engaging at least 20 companies on climate change, on top of maintaining a leadership role with Climate Action 100+. Sector target: Carbon intensity targets for 2025 and 2030 for Energy, Transport and Industrials, and Materials sectors. Climate solutions investments target: Continue to identify and allocate capital to climate solutions and low-carbon investments. See the full published targets here. The member’s individual position on thermal coal can be found here. |
Church Commissioners for England | Europe | United Kingdom | Sub-portfolio target: Reduce the carbon intensity of the public equities and real estate investment portfolio by 25% by 2025. See the full published targets here. The member’s individual position on thermal coal can be found here and on the oil and gas sector here. |
CNP Assurances | Europe | France | Sub-portfolio target: Reduce the carbon footprint of its directly held equity and corporate bond portfolio by a further 25% by 2025, and by 10% for its directly held real estate portfolio (base year: 2019). Sector target: Reduce by a further 17% the carbon intensity (scopes 1 and 2) of electricity producers in which CNP Assurances is a direct shareholder or bondholder by 2025. Engagement target: Encourage 8 companies (6 directly and 2 via the Climate Action 100+ collaborative initiative) and 2 asset managers to adopt a strategy aligned with a 1.5°C scenario by 2025. See the full published targets here. The member’s individual position on thermal coal and on the oil and gas sector can be found here. |
Co-operators | North America | Canada | Sub-portfolio target: Reduce emissions of public equities and publicly-traded corporate bond portfolios by 25% by 2025. Climate solutions investments target: Co-operators has invested USD 5.9 billion, 48.4% of total AuM, in impact and climate transition investments. Within impact investments, 76.2% is focused on climate solutions. See the full published targets here. The member’s individual position on thermal coal can be found here. |
Coface | Europe | France | |
Compagnie Européenne de Garanties et Cautions (CEGC) | Europe | France | Sub-portfolio target: Reduce the carbon intensity (Scope 1 and 2) of equity and corporate bond portfolios by 50% by 2030 (base year: 2020). Engagement target: Engage in dialogue with companies, via asset managers and partners, focusing on those representing 65% of the portfolio greenhouse gas (GHG) emissions. Climate solutions investments target: Allocate more than 5% of the portfolio to “green” investments by 2030. See the full published targets here. |
Crédit Agricole Assurances | Europe | France | Sub-portfolio target: Reduce the carbon footprint of listed equity and corporate bond investment portfolio by 25% by 2025. Engagement target: Focus on establishing a climate dialogue with at least 20 biggest portfolio emitters. Climate solutions investments target: Increase investment in renewables, to contribute to adding 14GW in production capacity. See the full published targets here. The member’s individual position on thermal coal can be found here and on the oil and gas sector here. |
Dai-ichi Life Insurance | Asia Pacific | Japan | Sub-portfolio target: Reduce GHG emissions in listed equities, corporate bonds, and real estate portfolios by 25% by 2025 and by 50% by 2030. Engagement target: Undertake continuous climate engagements with 50 biggest portfolio emitters. Climate solutions investments target: Invest JPY 2.5 trillion in environmental and climate solutions, cumulatively, by 2030. See the full published targets here. The member’s individual position on thermal coal and on the oil and gas sector can be found here. |
Danica Pension | Europe | Denmark | Sector target: Reduce scope 1, 2, and 3 emissions in energy, supply, transport, steel, and cement sectors by between 15% and 35% (depending on the sector) by 2025 (base year: 2019). Climate solutions investments target: Invest DKK 100 billion in the green transition by 2030. See the full published targets here. The member’s individual position on thermal coal can be found here and on the oil and gas sector here. |
David Rockefeller Fund | North America | USA | Sub-portfolio target: reducing carbon emissions in the investment portfolio across selected asset classes by 25% by 2025. Engagement target: Implement a policy of engagement with the top corporate emitters as well as with the largest asset manager relationships. Climate solutions investments target: Increase investments in technologies that will be required for a net-zero future. See the full published targets here. |
ERAFP | Europe | France | Sub-portfolio target: Reducing carbon intensity (in tonnes of CO2 equivalent per thousand euros invested) by 25% between 2019 and 2024 for scopes 1 and 2 of listed equity and corporate bond portfolios. Aligning non-residential real estate portfolio with a 1.5°C target scenario. Engagement target: Engaging with around 30 companies with the highest GHG emissions. See the full published targets here. The member’s individual position on thermal coal can be found here and on the oil and gas sector here. |
Eskom Pension and Provident Fund | Africa & Middle East | South Africa | Sub-portfolio target: Reduce financed emissions by 40% by 2030. See the full published targets here. |
Fidelidade – Companhia de Seguros, S.A. | Europe | Portugal | |
Folksam Group | Europe | Sweden | Sub-portfolio target: Reduce GHG emissions across the equities, corporate bonds and real estate portfolios by 29% by 2025. Engagement target: Ensure that at least 50% of the 86 largest emitters in Folksam’s portfolio will have developed science-based climate targets by 2025. See the full published targets here. The member’s individual position on thermal coal can be found here and on the oil and gas sector here. |
French Public Pension Fund (FRR) | Europe | France | Sub-portfolio target: Reduce the absolute portfolio carbon emissions by 20% by 2025. See the full published targets here. The member’s individual position on thermal coal and on the oil and gas sector can be found here. |
Generali Group – Assicurazioni Generalil S.p.A. | Europe | Italy | Sub-portfolio target: Reduce portfolio carbon intensity by 25% by 2025. See the full published targets here. The member’s individual position on thermal coal can be found here. |
Gothaer Insurance Group | Europe | Germany | Sub-portfolio target: Reduce financed greenhouse gas emissions (scope 1 and 2) for equities and corporate bonds by 25% and for real estate by 20% by 2025 (base year: 2021). Engagement target: Commence dialogue with at least 20 portfolio companies on climate change. Sector target: Support the complete phase-out of coal-based energy industry by 2030 in the European Union and OECD countries and by 2040 in all other countries. Climate solutions investments target: Devote 200 million euros annually to impact/thematic investments. See the full published targets here. The member’s individual position on thermal coal can be found here and on the oil and gas sector here and here. |
Group Versicherungskammer | Europe | Germany | Sub-portfolio target: Reduce the carbon footprint of the listed equity, corporate bonds and infrastructure portfolios by 11% by 2025 (base year: 2022). This goal is also applied to the directly-held real estate portfolio to align with 1.5ºC pathways. Engagement target: Aim for the transformation of investee companies towards net zero emissions through asset manager engagement, structured engagement with the 20 most carbon-intensive companies in the portfolio, and climate-related voting. Climate solutions investments target: Continue focusing on investments that contribute to climate change mitigation. See the full published targets here. The member’s individual position on thermal coal can be found here. |
Groupama | Europe | France | Sub-portfolio target: Achieve a 50% reduction in the carbon intensity of corporate equity and bond portfolios by 2030 (base year: 2021). Engagement target: Approach the largest portfolio emitters (responsible for 65% of carbon emissions in Groupama’s private bond and equity portfolio) through Groupama Asset Management on three main topics: sustainability risks, ecological and energy transition, and pay gaps. Climate solutions investments target: Allocate €1.2 billion towards sustainable assets (particularly infrastructure, property, and green bonds) between 2022 and 2024. See the full published targets here. The member’s individual position on thermal coal can be found here. |
HUK-COBURG Versicherungsgruppe | Europe | Germany | Sub-portfolio target: Reduce the CO2 emissions of the listed equities and corporate bonds investment portfolio by 22% by 2025 (base year: 2019). Coverage of investments in infrastructure and real estate will be added gradually. Engagement target: Seek out dialogue with (at least) the 20 companies which are the largest contributors to portfolio emissions. Climate solutions investments target: Increase the share of investments in targeted climate-positive assets. See the full published targets here. The member’s individual position on thermal coal can be found here and on the oil and gas sector here. |
Industriens Pension | Europe | Denmark | Sub-portfolio target: Reduce the climate footprint for listed equities, corporate bonds and directly owned properties by 29% by 2025 (base year: 2019). Engagement target: Firstly, intensify the engagement with the 20 largest emitters in the portfolio about their transition plans as well as their ongoing progress on decarbonisation. Secondly, conduct engagement dialogue with external managers on their alignment with the targets of the Paris agreement. Climate solutions investments target: Maintain the focus on investments in climate solutions that help support the transition to a sustainable society. This includes direct investments in renewable energy such as wind turbines, solar cells and biogas. See the full published targets here. The member’s individual position on thermal coal and on the oil and gas sector can be found here. |
Intesa Sanpaolo Vita Insurance Group | Europe | Italy | Sub-Portfolio target: Reduce the carbon intensity of listed equity and publicly-traded corporate bonds portfolios by 50% by 2030 (base year: 2021). Engagement target: Engage bilaterally with the 20 highest portfolio emitters (which constitute around 70% of the Group’s financed emissions). Contribute to NZAOA position papers on engagement-related topics. Climate solutions investments target: Report on climate solution investments and contribute to Financing the Transition working groups. See the full published targets here. The member’s individual position on thermal coal and on the oil and gas sector can be found here. |
Jessie Smith Noyes Foundation | North America | USA | |
Just Group plc | Europe | United Kingdom | Sub-portfolio target: Reduce the emissions intensity (scope 1, 2 & 3) of the publicly traded corporate debt and infrastructure debt by 50% by 2030 (base year: 2019). Engagement target: Conduct 20 climate-related engagements, focusing on the highest emitters in the Group’s investment portfolio (directly or via external initiatives/asset managers) by year-end 2025. Climate solutions investments target: Invest £500 million between 2024 and 2025 in either green/sustainability bonds (aligned with the International Capital Markets Association’s guidance) or assets aligned with the Group’s Sustainability Bond Framework. See the full published targets here. |
KENFO | Europe | Germany | Sub-portfolio target: Reduce portfolio emission intensity by at least 20% in listed equity and corporate bonds by 2025 (base year: 2019). See the full published targets here. The member’s individual position on thermal coal can be found here and on the oil and gas sector here. |
L&G Group | Europe | United Kingdom | Sub-portfolio target: Reduce emission intensity by 18.5% by 2025 (base year: 2019) across combined traded bonds and equities, real estate and infrastructure (debt and equity holdings). Engagement target: Engage with with top 20 investment portfolio emitters, which do not already have Paris-Aligned business transition commitments. Climate solutions investments target: Increase financing of low carbon technology and infrastructure by 2025, and increase investment in nature-based solutions by 2025. See the full published targets here. The member’s individual position on thermal coal and on the oil and gas sector can be found here. |
Laegernes Pension | Europe | Denmark | Sub-portfolio target: Reduce the portfolio carbon intensity by 25% for listed equity, by 30% for listed corporate bonds, and by 55% for real estate assets by 2025 (base year: 2019). Climate solutions investments target: By 2030, 15% of the investment portfolio (AuM) is to be invested in line with one or more of the six environmental objectives of the EU taxonomy. See the full published targets here. |
Landwirtschaftlicher Versicherungsverein Münster (LVM) | Europe | Germany | Sub-portfolio target: Reduce carbon intensity for listed equities and corporate bonds by 20% by 2025 (base year: 2021). Real estate investments on 1.5-degree path. Engagement target: Concentrate on and engage with at least the 20 largest CO2 emitters within the listed equities and corporate bonds portfolio through the service provider: EOS at Federated Hermes. Climate solutions investments target: Increase the share of investments in targeted climate-positive assets. See the full published targets here. The member’s individual position on thermal coal and on the oil and gas sector can be found here. |
M&G plc | Europe | United Kingdom | Sub-portfolio target: By 2030, reduce carbon emissions intensity in public equity and public corporate debt portfolios by 50% and by 36% in real-estate (base year: 2019). Engagement target: encourage 40 biggest contributors to portfolio emissions (accounting for 50% of equity and corporate fixed income portfolios to set net-zero targets in line with NZAOA criteria. Sector target: By 2030, reduce sectoral emissions intensity by: 60% in utilities, by 50% in coal and O&G, by 40% in steel, by 50% in road transport and by 25% in both shipping and aviation (base year: 2019). See the full published targets here. The member’s individual position on thermal coal can be found here. |
MAIF | France | Sub-portfolio target: By 2025, reduce the emission intensity of listed equity, corporate bonds and real estate assets by 25%. Engagement target: Focus on the 20 largest carbon emitters in its portfolio as well as 20 principal asset managers. MAIF will also continue to contribute to the Climate Action 100+ initiative. Climate solutions investments target: Reach 15% of ‘green investments,’ as defined by the French Greenfin label in its portfolio by 2025. MAIF will invest in green bonds as well as climate solutions. See the full published targets here. The member’s individual position on thermal coal and on the oil and gas sector can be found here. |
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MAPFRE S.A. | Europe | Spain | Sub-portfolio target: Reduce carbon intensity (scope 1 and 2) of listed equity and corporate fixed income portfolios by 43% by 2030 (base year: 2022). Engagement target: Open dialogue with at least 20 of the top emitters in the corporate bonds and listed equities portfolios. Climate solutions investments target: Increase investment in solutions promoting transition to a low-carbon economy. See the full published targets here. The member’s individual position on thermal coal and on the oil and gas sector can be found here. |
Meiji Yasuda Life Insurance Company | Asia Pacific | Japan | Sub-portfolio target: Reduce carbon intensity (scope 1 and 2) from domestic and foreign listed companies, as well as real estate, by 49% by 2030 (base year: FY2019). Engagement target: Assess investees’ plans for reducing their CO2 emissions and engage with companies responsible for approximately 90 percent of the portfolio emissions to encourage them to decarbonise further. Climate solutions investments target: Invest over JPY 300 billion in decarbonisation from FY2024 to FY2026. See the full published targets here. The member’s individual position on thermal coal can be found here. |
Munich Reinsurance Company | Europe | Germany | Sub-portfolio target: Reduce the absolute emissions of listed equities, corporate bond and real estate portfolio by 25-29% (scope 1+2 emissions of investee companies) by 2025. Sector target: Reduce emissions for listed equities and corporate bonds for thermal coal (-35%) and oil & gas (-25%). Engagement target: Concentrate on and engage with large contributors of financed emissions within the listed equities and corporate bond portfolio. Climate solutions investments target: Double the renewable portfolio (equity and debt) from €1.6bn to €3bn. See the full published targets here. The member’s individual position on thermal coal can be found here and here, and on the oil and gas sector here. |
New York City Employees’ Retirement System (NYCERS) | North America | USA | |
Nippon Life Insurance Company | Asia Pacific | Japan | Sub-portfolio target: Reduce carbon intensity for listed equities, corporate bonds, and real estate by 49% by 2030 (base year: FY2020). Engagement target: Focus on 70 highest-emitting companies in the portfolio and open dialogues on climate change by June 2023. Climate solutions investments target: Between 2017 and 2030, invest JPY 3 trillion in climate solutions in transition, innovation and renewable energy. See the full published targets here. The member’s individual position on thermal coal and on the oil and gas sector can be found here. |
Nordea Life & Pension | Europe | Norway | Sub-portfolio target: Reduce the carbon footprint for listed equity, corporate bond and real estate portfolios by at least 25 per cent by 2025 (base year: 2019). Engagement target: No later than by end of 2024, ensure that all Nordea Life & Pension asset managers have committed to transitioning to net zero by 2050. Sector targets: Reduce emissions intensity of assets in residential real estate, shipping, agriculture, motor vehicles, power production, and oil and gas by 30%–70%, depending on the sector, by 2030. See the full published targets, including the member’s individual positions on thermal coal and on the oil and gas sector here. |
Novartis Pension Funds | Europe | Switzerland | Sub-portfolio target: Reduce greenhouse gas emissions of equity, corporate bond, and real estate investments by 50% by 2030 (base year: 2019). Engagement target: Institute a climate voting policy for directly managed equities and encourage external equity managers to adopt similar voting policies. Contribute to effective engagement with the world’s heaviest emitters through a support membership of Climate Action 100+. Climate solutions investments target: Raise the equity allocated to climate solution revenues above the global equity market benchmark (MSCI World). Reach 15% of green bonds within the bond portfolio and allocate 15% of infrastructure investments to renewable energy production and distribution. See the full published targets, including the member’s individual positions on thermal coal and on the oil and gas sector here. |
Old Mutual Limited | Africa & Middle East | South Africa | Engagement Target: Open dialogue, through appointed asset managers, with the investees jointly responsible for 80% of GHG emissions in the listed equity and listed fixed-income portfolios within South African propriety investment holdings. Climate solutions investments target: Continue to invest in low-carbon and climate solutions-based initiatives. See the full published targets here. The member’s individual position on thermal coal can be found here. |
P+ Pension Fund for Academics | Europe | Denmark | Sub-portfolio target: Reduce carbon footprint of the investment portfolio by 30% by 2025 (base year: 2019). Engagement target: Pursue active ownership with the 20 largest CO2-emitting companies in our portfolio. Climate solutions investments target: Invest 15% of total assets in a “climate-friendly” manner by 2030. See the full published targets here. The member’s individual position on the oil and gas sector can be found here. |
Pensioenfonds Detailhandel | Europe | Netherlands | Sub-portfolio target: Reduce CO2 emissions in the publicly-listed portfolios by 60% by 2030. Engagement target: Introduce a new approach to active share ownership, focusing on the biggest portfolio emitters and setting clear targets and deadlines for those companies. In case of unsuccessful engagement, a divestment strategy is devised. Climate solutions investments target: Expand the sustainable investments in the listed asset classes (excluding government bonds) by 20% by 2030. In parallel, increase the portion of sustainable government bonds to 10%. See the full published targets here. The member’s individual position on thermal coal and on the oil and gas sector can be found here. |
Pensioenfonds SPIN | Netherlands | Sub-portfolio target: Reduce carbon intensity of listed equities and corporate bonds (scope 1 and 2) by 30% by 2025 (base year: 2019). For Dutch Mortgages, agreements are made with asset managers on their contribution to reach the reduction targets for residences, as set in the Paris agreement. Engagement target: Focus on the 20 highest emitters within the listed equities and corporate bonds portfolio, with the aim to make sure that these companies make credible and verifiable plans to reach net zero emissions by or before 2050. Climate solutions investments target: Invest between €100 million and €150 million in activities that contribute directly to climate solutions by 2025. See the full published targets here. The member’s individual position on thermal coal and on the oil and gas sector can be found here. |
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Pension Insurance Corporation | Europe | United Kingdom | Sub-portfolio target: Reduce carbon intensity for listed corporate credit by 25% by 2025 and by 50% by 2030 (base year: 2019). Engagement target: Conducted and documented 74 engagements with issuers on sustainability matters. PIC is now incorporating its findings into renewed engagements with these companies. Climate solutions investments target: Report on progress on climate-positive investments, focusing on renewable energy and green buildings. See the full published targets here. The member’s individual position on thermal coal can be found here and on the oil and gas sector here. |
PensionDanmark | Europe | Denmark | Sub-portfolio target: Reduce the climate footprint of listed equities and corporate bonds portfolios by 45% by 2025. Sector target: Reduce the scope 1, 2 and 3 emissions within four main sectors: Oil and Gas by 20%, Utilities by 35%, Cement by 10 % and Shipping by 15%, all by 2025. Engagement target: Undertake 20 engagements before 2025; engaging in a minimum of 5 climate change policies and practices with Asset Managers, and contributing to a minimum of 5 papers published by the Alliance. Climate solutions investments target: Own 1,300 MW of green power capacity (an increase of 200 MW) by 2025. Participate in minimum three roundtables with DFIs to enhance blended finance mechanisms for investing in climate solutions in the Least Developed Countries. See the full published targets here. The member’s individual position on thermal coal can be found here. |
Pensions Caixa 30 | Europe | Spain | Sub-portfolio target: Reduce carbon intensity (scope 1 and 2) in equity and fixed income portfolios by at least 50% by 2030 (base year 2019). Engagement target: Conduct dialogues with asset managers that invest, on behalf of PC30, in the 20 companies that generate the most portfolio emissions (or in those responsible for 65% of emissions). Climate solutions investments target: Continue to increase investment in low-carbon and climate-positive solutions, such as green bonds and investments in companies whose activities contribute to climate change mitigation and adaptation. See the full published targets here. The member’s individual position on thermal coal and on the oil and gas sector can be found here. |
PFA | Europe | Denmark | Sub-portfolio target: Reduce the portfolio carbon footprint by 29% by 2025. Engagement target: Conduct single and collaborative engagements around net-zero, climate change policies and practices with 30 companies and one asset manager by 2025. See the full published targets here. The member’s individual position on thermal coal can be found here. |
Phoenix Group | Europe | United Kingdom | Sub-portfolio target: Reduce the carbon intensity in listed equity and credit assets by 25% by 2025. Engagement target: Continue active engagement with industry groups and key decision-makers. Climate solutions investments target: Deploy £10 billion in direct investments in sustainable and productive opportunities by 2026, of which climate solutions is one of the elements. See the full published targets here. The member’s individual position on thermal coal and on the oil and gas sector can be found here. |
PKA | Europe | Denmark | Sub-portfolio target: Reduce scope 1 and 2 carbon intensity of listed equities, corporate bonds and real estates portfolios by 29% by 2025. Engagement target: Actively take part in Climate Action 100+. By the end of 2023, PKA will evaluate all the companies included in the initiative and consider divesting from those without a Paris-aligned strategy. Climate solutions investments target: Ensure 15% of AUM is in green investments by 2025 and 20% by 2030. |
Provinzial | Europe | Germany | Sub-portfolio target: Reduce financed greenhouse gas emissions (Scope 1 + 2) in the equities and corporate bonds portfolios by 15% by 2025 (base year: 2021). Provinzial has no investments in high-emitting infrastructure. Sector target: Individual emissions reduction targets are set for the most carbon-intensive parts of the portfolio. Provinzial has an internal policy aligned with a complete phase-out of coal investments. Additional sector targets for emission intense-industries, based on the One Earth Climate Model, will be defined in the coming years. Engagement target: Achieve the highest possible coverage of voting and engagement activities of the companies (at least 20) that make a significant contribution to the financed emissions. Undertake a structured approach for the selection, appointment and monitoring of asset managers. Engage with asset managers on the topic of CO2 disclosures. Promote Climate Action 100+ by joining as a supporter. Climate solutions investments target: Further increase the share of climate-positive investments, without sacrificing risk/return considerations. See the full published targets here. The member’s individual position on thermal coal can be found here and on the oil and gas sector here. |
Prudential plc | Europe | United Kingdom | Sub portfolio target: Reduce the carbon intensity of the corporate bonds and listed equities portfolio by 25% by 2025 (base year: 2019). Engagement target: Engage with the companies responsible for 65 percent of portfolio emissions. See the full published targets here. The member’s individual position on thermal coal can be found here. |
QBE GROUP | Asia Pacific | Australia | Sub-portfolio target: Reduce carbon intensity emissions of scope 1 and 2 emissions in the equity portfolio by 25% by 2025. Engagement target: Engage with 20 highest emitters in the investment grade corporate credit portfolio and with all external managers. Climate solutions investments target: Increase exposure to climate solutions investments to 5% of AuM (in USD) by 2025. The target ranges a variety of asset classes, such as fixed income, equities, high yield debt and infrastructure. See the full published targets here. The member’s individual position on thermal coal and the oil and gas sector can be found here. |
R+V Versicherung AG | Europe | Germany | Sub-portfolio target: By 2030, reduce scope 1 and 2 emissions from listed equities and corporate bonds by 40% (base year: 2019) and from directly held real-estate by 25% (base year: 2023). Engagement target: Engage with the 20 highest-emitting companies in the portfolio that account for at least 65% of total emissions. Climate solutions investments target: Expand the share of climate-positive investments (that contribute to climate change mitigation or adaptation), taking into account risk/return considerations. See the full published targets here. The member’s individual position on thermal coal can be found here. |
Rothesay | Europe | United Kingdom | Sub-portfolio target: Reduce carbon intensity emissions of scope 1 and 2 emissions of publicly traded corporate debt by 20% by 2025 (base year: 2020). Engagement target: Engage annually with the corporate bond issuers contributing 66% of Rothesay’s portfolio carbon intensity. Climate solutions investments target: Increase investment in climate opportunities. See the full published targets here. The member’s individual position on thermal coal can be found here. |
SCOR SE | Europe | France | Sub-portfolio target: Reduce the carbon intensity of the corporate bonds and listed equities portfolio by 27% by 2025 and 55% by 2030 (base year: 2020). Reduce carbon intensity of real estate assets by 50% by 2030 (base year: 2021). Engagement target: Foster dialogue and engagement through the Climate Action 100+ initiative. See the full published targets here, including the member’s individual position on thermal coal and on the oil and gas sector. |
Societe Generale Assurances | Europe | France | Sub-portfolio target: Reduce the carbon footprint of its equity and corporate bond portfolios by 30% by 2025 (base year: 2018). Climate solutions investments target: Double the part of green investments between 2020 and 2025, in order to reach to 5.6 billion euros. See the full published targets here. The member’s individual position on thermal coal can be found here and on the oil and gas sector here. |
Sompo Holdings, Inc. | Asia Pacific | Japan | Sub-portfolio target: Reduce total GHG emissions of listed equities and bonds by 25% by 2025 (base year: 2019). Engagement target: Engage with the 20 highest GHG– emitting companies among equity holdings. See the full published targets here. The member’s individual position on thermal coal and on the oil and gas sectors can be found here. |
Sovereign Wealth Fund of the Gabonese Republic | Africa & Middle East | Gabon | |
Sparkassen-Versicherung Sachsen | Europe | Germany | Sub-portfolio target: Reduce carbon intensity in listed equity and corporate bond investment portfolios by 22% by 2025 (base year: 2021). A target for both directly-held real estate as well as real estate funds will also be defined. Engagement target: Actively influence the strategic sustainability decisions of investee companies within a framework of active ownership. Climate solutions investments target: Grow infrastructure investments, including the expansion of production and the promotion of renewable energies, and the development of the transport and digital infrastructure sectors. See the full published targets here. The member’s individual position on thermal coal can be found here. |
St. James’s Place Wealth Management | Europe | United Kingdom | Sub-portfolio target: Achieved the target, ahead of time, of lowering the carbon footprint of investments by 25% by 2025. Engagement target: Identify the top emitters in the investment universe and engage with managers that hold these to encourage transition efforts. Set higher engagement expectations for managers of the highest carbon-emitting funds. Climate solutions investments target: Look to invest more in climate solutions. See the full published targets here. The member’s individual position on thermal coal can be found here. |
Stichting Pensioenfonds Medisch Specialisten (SPMS) | Europe | Netherlands | Sub-portfolio target: Reduce CO2 emissions in the investment portfolio by 16% by 2025 (base year: 2019). Equity investments in North America and Asia now follow the EU Climate Transition Benchmark (CTB). Climate solutions investments target: Grow the share of impact investments in the portfolio from the current 4% to 10% by 2025. The impact investments will comprise green bonds and sustainable infrastructure projects. See the full published targets here. The member’s individual position on thermal coal can be found here. |
Storebrand | Europe | Norway | Sub-portfolio target: Reduce emissions in the total equity, corporate bond and real estate investments by 32% by 2025 (base year: 2018). Engagement target: Encourage companies to adopt climate strategies aligned with the Paris Agreement, ( targeting net zero emissions by 2050 or sooner), placing special emphasis on the 20 largest emitters. Climate solutions investments target: Invest 15% of total AuM in climate solution companies by 2025. See the full published targets here. The member’s individual position on thermal coal can be found here and on the oil and gas sector here. |
Sumitomo Life Insurance | Asia Pacific | Japan | Sub-portfolio target: Reduce GHG emissions intensity of listed stocks, corporate bonds and loans, real estate, and infrastructure investments by 50% by 2030 (base year: 2019). Engagement target: Hold dialogues with investee companies (including high-emitting companies) in line with Japanese government’s GHG reduction efforts of -50% by 2030 with 2013 as base year. Climate solutions investments target: Allocate 700 billion yen in ESG-thematic investments by 2025, including 400 billion yen for climate solutions. See the full published targets here. The member’s individual position on thermal coal can be found here. |
SV SparkassenVersicherung | Europe | Germany | Sub-portfolio target: Reduce carbon intensity in listed equity and corporate bond investment portfolios by 20 per cent by 2025 (base year: 2019). Sector target: A long-term full exit strategy from coal and oil sands investments (by 2030 in developed countries and by 2040 worldwide) was established. Exclusions aligned with the strategy have been implemented. Engagement target: Capitalise on strategic partnerships in sustainability and corporate governance with Deka Investment GmbH to engage with the largest portfolio emitters. SV supports Climate Action 100+. See the full published targets here. The member’s individual position on thermal coal and on the oil and gas sector can be found here. |
Swiss Reinsurance Company Limited | Europe | Switzerland | Sub-portfolio target: Reduce carbon intensity of the corporate bond and listed equity portfolio by 35%, and for real estate by 5% by 2025 (base year: 2018). Engagement target: Engage with investment managers through the Climate Action 100+ initiative. Climate solutions investments target: Increase investments in renewable and social infrastructure by USD 750 million. Expand green, social and sustainability bond exposure to USD 4 billion by 2025 (from USD 2.6 billion in 2020). See the full published targets here. The member’s individual position on thermal coal and on the oil and gas sector can be found here. |
The Russell Family Foundation | North America | USA | Sub-portfolio target: Lower emissions intensity in the listed equity and corporate bond portfolios by 30% by 2025 (base year: 2022). Engagement target: Engage with the top 20 listed equity holdings by 2025. Vote proxies and co-file resolutions aligned with net zero goals. Climate solutions investments target: Transition an additional 15% of assets towards decarbonisation technologies and nature-based strategies. See the full published targets here. |
Unipol Group | Europe | Italy | Sub-portfolio target: Reduce carbon intensity (Scope 1 and 2) of directly managed listed equities and publicly traded corporate bond portfolios by 50% by 2030 (base year: 2022). The covered assets amount to EUR 16.5 billion (as of September 2022. Engagement target: Carry out engagement activities with 20 investee companies that generated the highest Scope 1 and 2 emissions in 2022 (accounting for more than 70% of sub-portfolio’s total absolute emissions). Both bilateral and collective engagement activities are planned at company and sector levels (through initiatives such as Climate Action 100+). Climate solutions investments target: Devote EUR 1.3 billion towards thematic investments for the SDGs in 2024, including those for combating climate change and protecting the environment, terrestrial, marine, and freshwater ecosystems (baseline: EUR 862.2 million invested at the end of 2021). See the full published targets here. The member’s individual position on thermal coal and on the oil and gas sector can be found here. |
UNIQA Insurance Group AG | Europe | Austria | Sub-portfolio target: Reduce scope 1 and 2 carbon emission intensity for listed equity, corporate bond, and real estate portfolio by 15% by 2025 (base year: 2021). Engagement target: Take an active ownership approach (through direct engagement or Climate Action 100+) focusing on investees accounting for 65% of financed emissions in direct equity and corporate bonds. Climate solutions investments target: Increase sustainable investments (Renewable and Social Infrastructure Investments, Green, Social and Sustainability bonds and Green Funds) to € 2 billion by 2025. See the full published targets here. The member’s individual position on the oil and gas sector can be found here. |
United Nations Joint Staff Pension Fund (NJSPF) | North America | USA | Sub-portfolio target: Reduce the absolute greenhouse gas footprint of its equities, corporate bonds, and real estate equity funds by 39% by 2025. Engagement target: UNJSPF engages with 82 companies representing the top carbon emitters of its investment portfolio (72% of its environmental engagements were related to climate change). Asset manager engagement targets include commitment to strengthen the engagement on climate change policies and stewardship practices Climate solutions investments target: Increasing investments in climate opportunities through labelled bonds and impact investing. See the full published targets here. The member’s individual position on thermal coal and on the oil and gas sectors can be found here. |
University of Toronto Asset Management Corporation | North America | Canada | Sub-portfolio target: Reduce the carbon footprint of publicly traded corporate bonds, equities, and equity-like securities by 50% by 2030 (base year: 2019). Engagement target: Continue engaging with current and prospective asset managers to emphasize GHG emissions reduction in their portfolios and climate impact in the real economy. Climate solutions investments target: Allocate 10% of the endowment portfolio to sustainable and low-carbon investment strategies by 2025. See the full published targets here. The member’s individual position on thermal coal and on the oil and gas sector can be found here. |
University Pension Plan (UPP) | North America | Canada | Sub-portfolio target: Reduce intensity of scope 1 and 2 carbon emissions in listed equities, publicly traded corporate bonds, infrastructure, private equity, private debt, and real estate portfolios by 16.5% by 2025 and 60% by 2030 (base year: 2021). Engagement target: Engage with at least 20 companies through collective and direct engagement, and with external investment managers to encourage management of climate-related risks and opportunities. Actively participate in the Alliance’s Engagement Track. Climate solutions investments target: Commit at least CAD 1.2 billion to climate solution investments by 2030. Actively participate in the Alliance’s Financing Transition Track. See the full published targets here. The member’s individual position on thermal coal can be found here. |
Univest | Europe | Netherlands | Sub-portfolio target: Reducing carbon intensity by 30% in equity and corporate bond portfolios by 2025. NB: This organisation does not have a website, the target comes from the CEO statement published during adhesion to the Alliance. See the full published targets here. |
VidaCaixa S.A.U de Seguros y Reaseguros | Europe | Spain | Sub-portfolio target: Reduce carbon emission intensity (scopes 1 and 2) of corporate investments by at least 50% by 2030 (base year: 2019). Engagement target: Carry out dialogues with 20 carbon-intensive companies (or those representing 65% of portfolio emissions), with the goal of improving their climate commitments. Climate solutions investments target: Assume an active role in financing the energy transition through positive climate solutions, such as green bonds. See the full published targets here. The member’s individual position on thermal coal and the oil and gas sector can be found here. |
Vita Collective Foundation | Europe | Switzerland | Sub-portfolio target: By 2025, reduce CO2 emissions from equity and real estate investments by 20% and from corporate bonds by 22%. By 2030, reduce emissions from corporate bonds by 40% (base year: 2019). Engagement target: Establish direct dialogue with portfolio companies on sustainability issues through Climate Action100+ and the Institutional Shareholder Services (ISS) Engagement Pool. Climate solutions investments target: Expand investments to include green bonds, in addition to impact-oriented investments in housing and living space for the future. See the full published targets here. The member’s individual position on thermal coal and the oil and gas sector can be found here. |
Wespath | North America | USA | Sub-portfolio target: Reduce the carbon intensity of all investment funds by 35% by 2025 (base year: 2018). Engagement target: Co-lead four company engagements through the Climate Action 100+ initiative. See the full published targets here. |
Zurich Insurance Group | Europe | Switzerland | Sub-portfolio target: By 2025, cut carbon intensity of listed equity and corporate bond investments by 25% and of direct real estate investments by 30% (base year: 2019). Engagement target: Require the issuers responsible for 65% of portfolio emissions to set targets aligned with the Paris Agreement. Should companies refuse to set targets after 2 years of dialogue, Zurich will vote against board members at shareholder meetings. Collaborate with asset managers in highlighting best practice for climate-conscious active ownership and work together for a just transition. Climate investment solutions: Increase allocation on investments in green bonds, private equity, impact infrastructure and real estate. See the full published targets here. The member’s individual position on thermal coal and on the oil and gas sector can be found here. |