ClearBridge Investments is proud to announce we have joined the Net Zero Asset Managers Initiative (NZAMI) alongside Franklin Templeton & its Specialist Investment Managers Martin Currie and Brandywine Global.
Launched in December 2020, NZAMI is an international group of 128 asset managers, with US$43 trillion in assets under management. The group is 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. Delivery of the commitment includes prioritising the achievement of real economy emissions reductions within the sectors and companies in which the asset managers invest.
As part of the initiative, ClearBridge Investments and other asset manager signatories have made commitments including:
ClearBridge Investments is an active manager, and a top 20 shareholder in more than 275 public companies.
Terrence Murphy, CEO of ClearBridge Investments, said
“ClearBridge is pleased to join the distinguished roster of signatories to the Net Zero Asset Managers Initiative. As stewards of our clients’ capital with a 30+ year history of integrating sustainability-related investment risks such as climate change into our stock selection process, ClearBridge recognises the urgency of accelerating the transition toward global net zero emissions. Using a partnership approach, ClearBridge will use its role as large shareholders to drive positive change through ongoing company engagement.
The speed with which March’s bank crisis unfolded illustrated the need for both pre-emptive and proactive approaches to risk management.Read full article