Commits to ambitious action in support of reaching net-zero emissions by 2050 or sooner
New York, November 1, 2021-- PineBridge Investments (“PineBridge”), a private, global asset manager focused on active, high-conviction investing, today announced its commitment to help drive actionable change on greenhouse gas emissions as a signatory of the Net Zero Asset Managers initiative. At the core of PineBridge’s commitment is the belief that climate change is a dire threat to global ecosystems, societies, and economies—and that the asset management industry has a leading role to play in supporting the journey to a carbon-neutral world, in line with the goals of the Paris Agreement.
“At this pivotal moment, taking meaningful action on climate requires the collective influence and momentum of the asset management industry,” said PineBridge CEO Greg Ehret. “As a firm that has been incorporating ESG factors into our investment process for 15 years, we look forward to taking this next step and deepening our partnerships with our clients, portfolio companies, and fellow signatories to accelerate progress toward net zero – and to vigorously track our progress along the way.”
PineBridge, which manages more than $141 billion for sophisticated investors around the world, will implement a stewardship and engagement strategy that focuses on the key objective of achieving global net-zero emissions by 2050 or sooner for all assets under management.
“As active investors, we are well positioned to engage directly with portfolio companies and key stakeholders to evaluate their climate impact and what actions need to be implemented to drive progress,” said Kate Faraday, PineBridge’s Global Head of Corporate Responsibility. “Climate change will remain at the forefront of our engagement and voting activities, and we are excited to collaborate with partners across the investment landscape to help drive the net-zero transition.”
PineBridge is also a member of the Institutional Investors Group on Climate Change (IIGCC) and a longstanding signatory of the Principles for Responsible Investment (PRI).
PineBridge Investments is a private, global asset manager focused on active, high-conviction investing. We draw on the collective power of our experts in each discipline, market, and region of the world through an open culture of collaboration designed to identify the best ideas. Our mission is to exceed clients’ expectations on every level, every day. As of 30 September 2021, the firm managed US$141.8 billion across global asset classes for sophisticated investors around the world.
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, in line with global efforts to limit warming to 1.5 degrees Celsius; and to supporting investing aligned with net-zero emissions by 2050 or sooner. To learn more about the Net Zero initiative, please visit their website.