Eurizon Capital SGR, Fideuram Asset Management SGR e Fideuram Asset Management Ireland have joined the Net Zero Asset Managers Initiative. This membership confirms Intesa Sanpaolo's commitment to “Net Zero” by 2050, both for its own issues and for its loan and investment portfolios, which is undertaken at the same time as joining the Net-Zero Banking Alliance (NZBA).
The initiative, which launched in December 2020, currently has 220 signatories representing more than $57 trillion in assets under management. It is made up of international asset managers committed to supporting the goal of net zero greenhouse gas emissions by 2050 or earlier, in line with efforts to limit global warming to 1,5 degrees Celsius, and to supporting investments in line with that goal.
The progress achieved must be reported in the TCFD Report, drawn up according to the Recommendations of the Task Force on Climate Related Financial Disclosures. NZAMI is partner of “Race to Zero”, a United Nations-led campaign that brings together a coalition of initiatives (representing 733 cities, 31 regions, 3.067 companies, 173 major investors and 622 higher education institutions) committed to achieving zero emissions net by 2050 at the latest.
Furthermore, Eurizon has also joined the Institutional Investors Group on Climate Change (IIGCC), the European body for the collaboration of investors on climate change, which act to help reduce carbon emissions.
