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Alternative Market Briefing

81% of asset managers pledging net zero targets, but only 22% have a 'credible' plan

Thursday, September 22, 2022

Laxman Pai, Opalesque Asia:

A survey revealed a significant rise in the number of fund management groups pledging to become net zero by 2050, with 81% now having such a commitment in place versus only 41% the previous year.

However, only 22% of asset managers have credible plans to support their net zero commitments, according to research from XPS Pensions Group.

The report surveyed 63 managers covering 255 funds. Its findings show that whilst there has been progressing in some areas, there has been stagnation in others, particularly with regards to consideration of climate change, and integration of ESG in alternative asset classes.

The Investment Fund ESG Rating Review 2022 survey found that despite the encouraging development, only two in ten groups could demonstrate a credible plan within specific funds to meet their firm-level commitment.

"The vast majority of managers can demonstrate some level of ESG integration, however, we continue to see examples of managers (31% of funds) not able to provide any examples of ESG analysis factoring into investment decisions, which raises doubts about the credibility of their policies," the report said.

"In general, we have seen some improvement in manager capability, but there has been deterioration where some funds are scoring worse than last year in certain areas," it added.

Whilst the survey had seen examples of very strong managers in this space, secure income, diversified private markets, and real asse......................

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