Bridges joins the Net Zero Asset Managers initiative
Bridges is delighted to announce it has joined the Net Zero Asset Managers initiative (‘NZAM’), a group of 220 international asset managers supporting the goal of reaching Net Zero greenhouse gases by 2050 or sooner (in accordance with the 2015 Paris Agreement).
NZAM brings together managers with assets totalling $57.4 trillion (collectively representing nearly 60% of total managed assets globally) committed to decarbonisation. The initiative is managed by six founding partner investor networks around the world: Asia Investor Group on Climate Change (AIGCC), CDP, Ceres, Inc., Investor Group on Climate Change (IGCC), Institutional Investors Group on Climate Change (IIGCC) and Principles for Responsible Investment (PRI).
Members of the initiative have agreed to a number of commitments, including:
- Working with asset owner clients on decarbonisation goals consistent with ambitions to achieve Net Zero emissions;
- Setting an interim target for a proportion of assets to be managed in line with Net Zero emissions by 2050;
- Reviewing the interim target at least every 5 years, with the view to increase AUM covered until 100% is included;
- Reporting exposure based on TCFD recommendations.
We are at a critical point in our response to the climate crisis, and investors have a significant role to play. At Bridges, we hope this group will continue to gather momentum and galvanise change across the industry.
We’re strongly committed to practising what we preach. In line with our mission to build a more sustainable, more inclusive economy, we have ambitious objectives both at firm- and portfolio-level; we are committed to ensuring that we achieve net zero carbon emissions across all our operations by 2040 or sooner.
We’ll also be at COP26 this week, discussing with fellow members of the B Corp Finance Coalition how players in the industry can reshape finance through purpose, partnership and better governance.
Read more on NZAM’s new member announcement here.
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