Downing LLP has signed up to the Net Zero Asset Managers initiative with 301 other signatories, which collectively have over $59 trillion in assets under management.
The Net Zero Asset Managers initiative is an international group of asset managers committed to supporting the goal of net zero greenhouse gas emissions by 2050 or sooner and to supporting investing aligned with net zero emissions by 2050 or sooner.
This forms part of Downing’s focus on responsible investment and sits alongside its status as a B Corporation, achieved in September 2022.
Roger Lewis, Downing’s Head of ESG, commented: “In order to play our part in limiting warming to two degrees, and avoiding irreversible climate change impacts, Downing has made the net zero carbon commitment.
“To achieve this, we will continue to measure and understand the emissions generated by all our investments, actively engage with our portfolio in order to reduce these emissions and finally remove residual emissions - which, like for many net zero countries, corporates and investors, should take us into the late 2020s and the 2030s.
“We look forward to sharing progress, starting one year after joining, as required by the commitment.”