Cazenove Capital has published its Climate Transition Action Plan, outlining the firm’s plans for achieving their climate goals.

The plan sets out how Cazenove Capital will align their assets under management to net zero by 2050 or sooner. It also highlights the growing investment risks of climate change as well as the opportunities that may arise from the transition.

Cazenove’s says the plan is consistent with the net zero commitment of their parent-company Schroders, a founding signatory to the Net Zero Asset Managers (NZAM) initiative.

Cazenove Capital says it will also engage with asset managers and companies to support their decarbonisation goals. Currently, approximately 60% of the third-party managers they work with have made a net zero commitment. However, a smaller proportion have actually implemented these commitments into their underlying funds. The firm says their aim is to see the number of firms with a formal net zero commitment reach 100% in time.

Cazenove Capital currently manage over £2 billion in strategies which have a specific allocation to impactful climate solutions.

Catherine Hampton, Sustainable Investment Lead, Cazenove Capital says, “We want to transition our clients’ investments towards net zero because we believe that the world will significantly change over the next 30 years. Not doing so would likely mean losing out on opportunities and exposing our clients to greater risk.”

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