GMO Announces Initial Net Zero Asset Targets
- Written by Reporters
BOSTON, US - Media OutReach - 21 November 2022 - Grantham, Mayo, Van Otterloo LLC (GMO), a global investment manager, has released its initial net zero targets and transition plan. In October 2021, GMO became a signatory of the Net Zero Asset Managers initiative (NZAM) and committed to reducing GMO investment portfolios' net emissions to zero by 2050 or sooner, in line with efforts to limit global warming to 1.5 degrees Celsius. GMO believes that climate change poses critical risks for the companies and countries in which it invests and that the net zero pledge will help to improve long-term investment outcomes for GMO clients. As part of the NZAM commitment, GMO has submitted its initial net zero targets and transition plan, including:
- Reducing the carbon intensity of included investment portfolios by 65% by 2030, compared to levels in GMO's baseline year of 2019, and
- Increasing the percentage of GMO assets covered under this target from 53.5% to 60% by 2025.
The issuer is solely responsible for the content of this announcement.
About GMO
GMO is a global investment manager that brings together focused expertise within our investment teams, industry-leading research, and tailored client service to advance our clients' goals. Privately owned and renowned for our conviction in a valuation-based, long-term investment philosophy, GMO has been a partner to institutions, family offices, wealth managers, and consultants for over 40 years. For more information, please visit www.gmo.com.
Source https://www.media-outreach.com/news/singapore/2022/11/21/177908/