Allianz is committed to decarbonizing its proprietary investment portfolio to net-zero emissions by 2050. It has committed to science-based targets in line with 1.5-degree pathways and developed a strategy that focuses on setting intermediate targets for two of the highest emitting sectors – Utilities and Oil & Gas. This strategy is aligned to Tier 1 in the ICAPs Expectations Ladder for the Investment focus area.
Aware Super (Australia)
Aware Super’s Climate Change Portfolio Transition Plan (CCPTP) is an industry-leading example of how an asset owner is managing climate change risk and transitioning its $150bn portfolio to a low-carbon economy while continuing to deliver members with long-term, sustainable returns. It incorporates portfolio-wide short, medium and long-term targets, advocates for a just transition, stronger policy and regulatory support, and outlines an effective long-term engagement program to reach net zero by 2050 and aligning to a 1.5 degree scenario. Based on the case study, Aware Super has assessed itself as being Tier 3 in the Investor disclosure ICAPs pillar.
CalSTRS (California State Teachers’ Retirement System) has long recognized that climate change is a significant and growing risk for investors and economies. CalSTRS’ plan addresses all focus areas of the ICAPs Expectation Ladder – investment, corporate engagement, policy advocacy, investor disclosure and governance – and includes a target to align its investment portfolio to net-zero by 2050 or sooner.
Cathay Financial Holdings (Taiwan)
Cathay is a leader across Asia in integrating climate change risks, opportunities and other ESG factors into its investment and other business processes, and has implemented multiple climate-related initiatives through its Corporate Sustainability Committee and TCFD Task Force. Cathay is currently undertaking multiple Tier 1 and Tier 2 actions of the ICAPs ladder across the corporate engagement and policy advocacy pillars.
FAMA Investimentos (Brazil)
FAMA Investimentos has established themselves as a leader in ESG investing and active portfolio decarbonization. FAMA Investimentos’ ICAP addresses all focus areas of the ICAPs Expectation Ladder. FAMA is aligned to Tier 1 in Policy Advocacy and Investor Statements, and Tier 3 Investor Disclosure around carbon emissions.
IFM Investors (Australia)
IFM Investors is focused on mitigating the financial risks of climate change and supporting the transition to a net zero carbon economy. IFM is developing a firm wide climate strategy to plan its pathway to reducing emissions across all of its asset classes targeting net zero by 2050, which will include interim 2030 emissions reduction targets and aligns with Tier 2 in the Investment ICAPs pillar.
Mirae Asset Global Investments (South Korea)
Mirae Asset Global Investments (Mirae Asset) takes a collaborative approach in managing a fully diversified investment platform, and is working towards multiple Tier 2 actions within the ICAPs ladder under the investment pillar. Mirae highlights their approach to integrate climate change in their traditional investment strategies through thematic investing, divestments, and engagement, as well as in assessing climate-related risks as part of their risk management processes, and monitoring temperature alignment for some parts of their portfolio.
PensionDanmark, a Danish labor market pension fund, is committed to contribute to a more sustainable society. Its case study predominantly focuses on its actions within the ICAPs Ladder around Corporate Engagement, particularly through its use of tools such as the Transition Pathway Initiative (TPI), a global asset-owner led initiative.
Sumitomo Mitsui Trust Asset Management (Japan)
Sumitomo Mitsui Trust Asset Management (SMTAM) is undertaking multiple Tier 1 and 2 actions within the ICAPs ladder on Policy Advocacy including being a longtime supporter of collaborative investor statements, actively participating in member-based associations and encouraging governmental bodies to include climate change as part of their agenda. SMTAM also undertakes multiple actions across different tiers of the ICAPs Corporate Engagement pillar as an active participant in multiple collaborative engagement programs, on top of bilateral engagements with portfolio companies on climate change, and has established an escalation strategy on its voting guidelines.
UniSuper is committed to a 2050 net-zero portfolio ambition. UniSuper will use the ICAP framework and SBTi methodology to set future short-term targets. It predominantly focuses on Disclosure, where it is aligned to Tier 1 of the ICAPs Expectation Ladder and Corporate Engagement, which is aligned to Tier 2.