The empirical evidence of global warming and the impact of human activity on the pace of this warming are, in our view, unequivocal. If unmanaged and unmitigated, the impact of climate change will be devastating to both society and the global economy.
We see the integration of climate risk as a core part of our fiduciary duty to clients. We also believe that the climate transition provides great opportunity for enhanced financial returns as well as positive impact for society. As such we continue to innovate and develop opportunities for clients in this sphere and have launched several products around that theme. We are a significant investor in renewable energy and companies contributing to the transition through our private equity infrastructure funds as well as through our thematic fund, Quaero Capital Funds (Lux) – Accessible Clean Energy.
We have signed the statement of support for the Financial Stability Board’s Task Force on Climate-related Financial Disclosures (TCFD), and therefore make annual disclosures in line with the recommendation in the Annual Sustainability Report, outlining our strategy and targets. We have also committed to the Net Zero Asset Manager Initiative and will be sharing our commitments soon.