With this commitment, Edmond de Rothschild AM said it will strengthen its work in partnership with asset owner clients on decarbonisation goals, consistent with an ambition to reach net zero emissions by 2050 or sooner across all assets under management in scope. It has joined 300 signatories, representing about $60 trillion in assets under management.

The initiative is designed to mobilise action by the asset management industry to drive the transition to net zero and deliver the action and investment strategies necessary to achieve the goal of net zero emissions. It also provides a forum for sharing best practice and overcoming barriers to aligning investments to that net zero goal, the firm said in a statement. 

The initiative is managed globally by six founding partner investor networks, namely: Asia Investor Group on Climate Change (AIGCC), CDP, Ceres, Investor Group on Climate Change (IGCC), Institutional Investors Group on Climate Change (IIGCC) and Principles for Responsible Investment (PRI). It is also endorsed by The Investor Agenda, of which the investor networks are all founding partners. 

Edmond de Rothschild AM said it’s long-term commitment to sustainable investment is also present in its three private market activities: real estate, private equity, and infrastructure debt. Its adherence to this initiative is also in line with its 2017 climate roadmap, aligned with the Paris Agreement, designed to limit global warming to less than 2 degrees. It’s “Sustainable Equity” and “Green New Deal” equities strategies, for instance, are aligned with the objective of decarbonising the portfolios.