MELBOURNE, Australia–(BUSINESS WIRE)–IFM Investors has committed to reducing greenhouse gas emissions across its asset classes targeting net zero by 2050, following a landmark decision by the pension fund-owned fund manager.
The commitment aligns with the goals of the Paris Agreement to limit global temperature rises and is an extension of action already being taken at IFM�s infrastructure assets to reduce emissions through investment in renewable energy and other carbon reduction initiatives.
IFM Investors has established a multi-disciplinary taskforce to support the commitment, spearheaded by its investment team. It will establish clear frameworks and policies to guide and support sustainable decision-making processes that are designed to mitigate climate change risk exposure and help meet the net zero by 2050 target.
The taskforce will consider the following:
IFM Investors Chief Executive David Neal said today that the firm was committed to reducing the carbon impact of its investments.
This is a natural step and an important one if IFM is to continue delivering on its purpose to protect and grow the long-term retirement savings of working people.
The investment horizon of IFM and our investors is often measured in decades, not years, and its vital that we actively manage the risks posed by climate change.
The actions we take will help ensure we continue to deliver long-term risk-adjusted returns for our investors and their members and beneficiaries.
IFM is already implementing strategies to reduce carbon emissions across its infrastructure portfolio companies, including:
As part of this commitment, IFM Investors itself will become a net zero organisation.
About IFM Investors:
IFM Investors is an investor-owned global fund manager with A$159 billion under management as of 30 June 2020. Established more than 20 years ago and owned by 27 major pension funds, IFM Investors interests are deeply aligned with those of its investors. Investment teams in Europe, North America, Australia and Asia manage institutional strategies across infrastructure (equity and debt), debt investments, listed equities and private capital. IFM Investors is committed to the United Nations supported Principles for Responsible Investment and has been a signatory since 2008. IFM Investors has offices in nine locations; Melbourne, Sydney, New York, London, Berlin, Tokyo, Hong Kong, Seoul and Zurich. For more information please visit www.ifminvestors.com
Contacts
Kristin Cole
Prosek Partners
+1 310 652 1411
Pro-ifm@prosek.com
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