We must all take action today to shape the world we, and future generations, want to live in. As our business looks ahead to its third century, we're committed to playing our part and are acutely aware of our duty to drive action on climate change and engage our clients on the subject.

We also know that commitments need to be more than words. We need to be held to account on both our plans and progress – through clear and specific targets, and transparent and credible reporting.

Sustainable change starts with our own operations. That’s why we have set an ambitious target to be net zero in our operations by 2040. This is supported by an interim science-based target to achieve a 50% reduction against our 2018 baseline in our operational emissions by 2025.  This is five years earlier than the latest climate science deems necessary to meet the goals of the Paris Agreement and an important step on our net zero journey.

We know that our biggest impact, and the area which can drive the most material change is in our investments. We are focused on real-world decarbonisation by investing in transition leaders and climate solutions rather than the fast removal of carbon intensive companies from our portfolios. To support our net zero journey, we have set a target to reduce the carbon intensity of our assets by 50% by 2030, against a 2019 baseline. To do this, we have developed a climate change strategy that is focused on Net Zero Directed Investing (NZDI), which enables us to be a positive catalyst for net zero. 

We believe that sustainable change will be driven by transition leaders and innovative climate solutions for a modern world. Developing those solutions requires investment, so we’re building on our track record of successful engagement with our investee companies to support ambitious and credible decarbonisation goals. This approach aligns with the goals of the Net Zero Investment Framework that we contributed to as members of the IIGCC Paris Aligned Investment Initiative – it provides the foundation for how we think about net zero solutions. 

We’re committed to keeping our stakeholders updated on our progress. We do this through our annual climate reporting, which is aligned with the Task Force on Climate-related Financial Disclosures (TCFD) recommendations, and our leading, in-depth ESG client reports.

You can read more about our climate commitments using the links below.