Jupiter Fund Management has announced its commitment to achieving net zero emissions by 2050 across its full range of investments.
The company will define a detailed roadmap including milestones and targets for achieving this across its £55.7bn investment range by the end of this year. Jupiter is also aligning with the UN Global Compact so all their investment decision-making and engagement will be guided by the principles of the UNGC.
Commenting on these developments, Andrew Formica, CEO, Jupiter, said:
“Today’s raft of announcement builds on Jupiter’s position as a long-standing supporter of sustainable and responsible investing. At Jupiter we believe that the future is better served by sustainable companies with strong environmental credentials, and it is imperative that we work together as a company, an industry, and a society to tackle climate change. I am pleased at the progress Jupiter is making towards this at both an investment and company level.
“As a high conviction, active manager of our clients’ money, we have a responsibility and an opportunity to do all we can to effect change by engaging and influencing the companies we invest in to adopt more sustainable businesses. The transition to net zero carbon emissions is imperative but improving wider societal and governance standards is also crucial. Along with net zero commitments, initiatives that align with the wider sustainability agenda, such as the UNGC principles and Good Work Coalition, will result in long term gains for all stakeholders.”