Russell announces net-zero emissions target

Russell Investments has announced a commitment to achieve net-zero carbon emissions for its investment portfolios globally.

Russell, which has $326.9 billion in assets under management, has pledged to manage carbon-neutral portfolios by 2050. The firm is also adding roles to its responsible investing team and establishing a global taskforce to develop a net-zero emissions transition plan. It will also focus on the firm’s robust active ownership program with environmental stewardship and climate risk reporting as key engagement pillars.

“Our commitment to investments with net-zero carbon emissions further develops our long-established approach to responsible investing,” said Jihan Diolosa, Head of Responsible Investing at Russell Investments. “Sustainability risks are already a consideration in our investment practice including manager research and selection, portfolio management, proxy voting and shareholder engagement. We are excited to enhance our practice to focus more intently on climate change risk. We realize there isn’t an overnight solution to climate change, but we are working diligently to make a difference.”