IFM Investors is targeting net zero by 2050 in a commitment to reduce its greenhouse gas emissions.
This aligned with the goals of the Paris Agreement to reduce global temperature rises and the firm would establish clear frameworks and policies to guide sustainable decisions. The firm would itself also become a net zero organisation.
A taskforce would consider:
The firm had already introduced measures to reduce emissions in its infrastructure portfolio companies such as investing in renewable energy projects to help power assets and putting in place targets at Australian assets to reduce emissions by 200,000 tonnes by 2030.
IFM Investors chief executive, David Neal, said: “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 it’s 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.”
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