Sub-portfolio target: Reduce the weighted average carbon intensity of Aegon’s corporate fixed income and listed equity general account assets by 50% against a 2019 baseline.
Reduce the scope 1 and 2 carbon intensity of Aegon’s directly held real estate investments by 42% against a 2019 base year.

Engagement target: Continue engagements with at least the top 20 corporate carbon emitters in Aegon’s portfolio.

Climate solutions investments target: Invest an additional USD 1 billion, on top of Aegon’s existing USD 2.5 billion commitment, in activities to help mitigate climate change or adapt to the associated impacts by 2030.

See the full published targets here. 

Sub-portfolio target: Lower the carbon footprint (scope 1, 2, and 3) of corporate bond and listed equity portfolios by 50%, and no less than 40%, by 2030. Decarbonise directly-held real estate based on CRREM 1.5°C national pathways by 2030.

Engagement target: Open dialogues with at least the 20 largest GHG emitters in the insurer credit bond portfolio by the end of 2023.

See the full published targets here. The member’s individual position on thermal coal can be found here and here. The member’s targets on the oil and gas sector can be found here and here.

Sub-portfolio target: Reduce the CO2 emission intensity in the publicly traded debt portfolio by 2030 (base year: 2021).

Engagement target: Approach 12 different investee companies and asset managers with the goal of reducing their own and financed GHG emissions. The engagements will take place between 2021 and 2025.

Climate solutions investments target: Increase climate solution related investments by 10% between 2021 to 2025.

See the full published targets here.

Sub-portfolio target: Reduce the weighted average carbon intensity of Aegon’s corporate fixed income and listed equity general account assets by 50% against a 2019 baseline.
Reduce the scope 1 and 2 carbon intensity of Aegon’s directly held real estate investments by 42% against a 2019 base year.

Engagement target: Continue engagements with at least the top 20 corporate carbon emitters in Aegon’s portfolio.

Climate solutions investments target: Invest an additional USD 1 billion, on top of Aegon’s existing USD 2.5 billion commitment, in activities to help mitigate climate change or adapt to the associated impacts by 2030.

See the full published targets here.

Sub-portfolio target: Reduce GHG portfolio emissions by 26.8% by 2025.

See the full published targets here. The member’s individual position on thermal coal can be found here and on the oil and gas sector here.

Sub-portfolio target: Reduce financed emissions (Scope 1 and 2) of listed equity by 60% and corporate bonds by 40% by 2030 (base year 2019), and reduce emission intensity (Scope 1 and 2) of directly held real estate by 65% by 2030 (base year 2021).

Engagement target: Engage with at least 20 portfolio companies representing a minimum of 65% of the financed emissions of the equity portfolio, on ambitious climate targets and transparent disclosure.

Climate solutions investments target: To increase Alecta’s investments in assets that contribute to transition, including green bonds and (EU) taxonomy-aligned assets.

See the full published targets here.

Sub-portfolio target: Reduce emission intensity of listed equity, corporate bond (and all other corporate) portfolios by 50% by 2030 (base year: 2019). Align directly-owned real estate (as well as 50% of real-estate funds) with 1.5C degree pathways of CRREM.

Engagement target: Engage with all external asset managers performing “below expectations” based on systematic assessment. Participate or lead at least 15 multilateral engagements with a climate focus. Engage with 15 among the top 100 portfolio emitters that did not fall into the multilateral engagements of AGI or PIMCO.

Climate solutions investments target: Increase investments in climate solutions by €20 billion by 2029, subject to market environment and constraints (base year: 2023).

Sector target: Carbon intensity targets set for the sectors oil and gas, utilities, and steel.

See the full published targets here.

Sub-portfolio target: Introduced a carbon budget that will decrease by 25% by 2025 (base year: 2019).

Engagement target: Work towards a structured advocacy policy for the 20 companies with the highest carbon emissions in the portfolio. The aim is for all portfolio companies to implement a carbon budget aligned with the Paris Agreement goals.

See the full published targets here. The member’s individual position on thermal coal can be found here and on the oil and gas sector here.

Sub-portfolio target: Achieved 22% reduction in Scope 1 and Scope 2 weighted average carbon intensity in credit and equities by end of 2023 (base year: 2019).  

Engagement target: Has engaged with the 30 most systemically important carbon emitters in their portfolio. Ask investees to deliver Net Zero Scope 3 emissions and establish robust transition roadmaps. If no serious engagement with the companies is achieved, divest all held assets.

Climate solutions investments target: Invested £7.5 billion in sustainable assets (base year: 2019).

See the full published targets here.

Sub-portfolio target: Reduce the carbon footprint of AXA’s General Account assets by 20% by 2025.

See the full published targets here. The member’s individual position on thermal coal and on the oil and gas sector can be found here.

Sub-portfolio target: Reduction of financed greenhouse gas emissions (Scope 1 + 2) per million euros of invested assets by 60% – for equities and corporate bonds respectively – up until 31.12.2029 compared to 2021.

Engagement target: Engagement activities with at least 20 issuers in the portfolio, as well as with external managers, to actively advance the topic of Net Zero

Climate solutions investments target: New investments in impact or thematic investments amounting to €2 billion between 2025 and the end of 2029.

Sector target: 1. Coal Energy
Complete phase-out of the coal-based energy industry by 2030 at the latest in the Euro-pean Union and OECD countries and by 2040 at the latest in all other countries. For this, the threshold value for the maximum permissible share of revenue that the company can generate from the mining or generation of electricity from coal will be continuously reduced in accordance with the published phase-out plan.
2. Oil & Gas sector
By the end of 2027, BarmeniaGothaer aims to hold in its portfolio only those companies from the oil and gas sector that have adopted and communicated credible decarbonization plans to achieve net zero targets by 2050.

See the full published targets here.

Sub-portfolio target: Reducing portfolio emissions in listed equity, corporate bonds and real estate by 22% by 2025 (base year: 2021).

Engagement target: Drive constructive dialogue directly, collaboratively with other investors, and through service provider Columbian Threadneedle with the largest CO2 emitters in the portfolio.

Climate solutions investments target: Increase its investments in accordance with the EU taxonomy and make a contribution to “financing the transition to a climate-neutral world”.

See the full published targets, including the member’s individual positions on thermal coal and on the oil and gas sector, here.

Sub-portfolio target: Reduce the carbon footprint (Scopes 1 and 2) of directly held equity and bond portfolios by at least 50% by end of 2029 and of directly owned office properties by at least 12% by end of 2029 (base year: 2020).

Engagement target: Continue shareholder engagement with some of the companies identified by the Climate Action 100+ initiative as the most emitting.

Climate solutions investments target: Reach at least €20 billion (in balance sheet value) in environmental-themed investments by the end of 2029. These investments include green bonds, real estate assets with best market practices in terms of environmental performance and renewable energy infrastructures.

Sector target: To reduce its carbon footprint, BNP Paribas Cardif relies on closer monitoring of the electricity producers, on a gradual phase-out of thermal coal and on excluding conventional bonds issued on the primary market by oil and gas exploration and production companies from the investment universe.

See the full published targets here.

Sub-portfolio target: Reduce the carbon footprint of its bond portfolio by 30% by 2025 and of its equity portfolio by 50% by 2030 (base year for both: 2021) .

Climate solutions investments target: Hold more than 10% of assets under management in “green investments” by 2025.

See the full published targets, including the member’s individual positions on thermal coal and on the oil and gas sector, here.

Sub-portfolio target: Reduce scope 1 and 2 carbon intensity of its equity and credit portfolio by at least 25% and real estate by at least 33% by 2025.

Engagement target: actively engaging with the highest emitting companies in the portfolio and with fund managers, to ensure mandate objectives are aligned with the Scheme’s decarbonisation goals.

Climate solutions investments target: Investing in assets that will support the transition towards a low carbon economy.

See the full published targets here. The member’s individual position on thermal coal can be found here.

Sub-portfolio target: Equity & Corporate Bonds: 55% reduction between 2020 and 2030 in the carbon intensity (in tCO2/M€ invested) of the portfolios of corporate bonds and equity of listed companies held directly.
Real estate investments and financing: 50% reduction between 2020 and 2030 in the carbon intensity (in kgeqCO2/m2/year) of all buildings owned and managed, as well as club deals (closed funds) in which it has a stake at least 25%.

Engagement target: Investee companies: Promote commitments to carbon neutrality among 180 directly held portfolio companies predominantly through bilateral engagement conducted between 2020 and 2030.
Asset Management target: Dialogue on climate change policies and stewardship practices with 30 asset managers between 2020 and 2030.

Climate solutions investments target: The Asset Management Direction of Caisse des Dépôts is committed to investing €7.5 billion in Climate Solutions Investments over the period 2024-2028, thus contributing to the overall target of €130 billion set by the CDC group for the same period. To date, the target of €7.5 billion is only composed of our investments in Green Bonds, certified Forests, and eligible real estate.

See the full published targets here.

See the Responsible Investment Report here.

Engagement target: Engaging at least 20 companies on climate change, on top of maintaining a leadership role with Climate Action 100+.

Climate solutions investments target: Continue to identify and allocate capital to climate solutions investments with a target of $100B in climate solutions by the end of 2030.

Sector target: Carbon intensity targets for 2025 and 2030 for Energy, Transport and Industrials, and Materials sectors.

See the full published targets here.

Engagement target: Specific goals to engage with external managers, companies and real asset stakeholders to improve net zero alignment.

Sector target: Goals to improve net zero alignment by 2030 (measured from YE2024 to YE2029). We have set transition goals for external managers in public and private markets, the underlying portfolio in public equity, property, farmland and forestry.

See the full published targets here.

Sub-portfolio target: Reduce the carbon footprint of its directly held equity and corporate bond portfolio by a further 25% by 2025, and by 10% for its directly held real estate portfolio (base year: 2019).

Sector target: Reduce by a further 17% the carbon intensity (scopes 1 and 2) of electricity producers in which CNP Assurances is a direct shareholder or bondholder by 2025.

Engagement target: Encourage 8 companies (6 directly and 2 via the Climate Action 100+ collaborative initiative) and 2 asset managers to adopt a strategy aligned with a 1.5°C scenario by 2025.

See the full published targets here. The member’s individual position on thermal coal and on the oil and gas sector can be found here.

Sub-portfolio target: To reach a 40% reduction in financed emissions intensity (tCO2e/$M invested) of listed equity and corporate bond portfolio by 2030 (year-end 2029**) from a base year-end 2020. We have a goal to reach net zero in our investment portfolio by 2050.

Engagement target: We will engage in an ongoing dialogue (at least once every two years) with at least the 20 firms, via collaborative or individual engagement, that are the biggest contributors to our portfolio’s emissions (and that are collectively responsible for at least 65% of portfolio emissions) about their climate transition plans and actions.

Climate solutions investments target: To increase investments allocated to climate solutions to US$3 billion by year-end 2030 from a 2024 base year of US$2 billion.

See the full published targets here.

Sub-portfolio target: Reduce the carbon footprint of listed equities and corporate bond portfolios by 30% by 2025, and by 40% by 2030. (base year: 2020).

Engagement target: Launch engagement with the 20 biggest contributors of Coface’s portfolio carbon emissions with the aim of bringing them to net zero by 2050.

Climate solutions investments target: Increase the weight of investments in climate solutions responding to the common framework of the Green Bonds Principles.

See the full published targets here.

Sub-portfolio target: Reduce the carbon intensity (Scope 1 and 2) of equity and corporate bond portfolios by 50% by 2030 (base year: 2020).

Engagement target: Engage in dialogue with companies, via asset managers and partners, focusing on those representing 65% of the portfolio greenhouse gas (GHG) emissions.

Climate solutions investments target: Allocate more than 5% of the portfolio to “green” investments by 2030.

See the full published targets here.

Sub-portfolio target: Reduce the carbon footprint (per million euros invested on Scope 1 and 2) of corporate fixed income, listed equity and real estate directly held by 50% by 2029 (base year 2019).

Engagement target: Engage at least 20 of the largest emitters in the portfolio and 2 asset managers holding our mandates.

See the full published targets here.

Sub-portfolio target: Reduce GHG emissions in listed equities, corporate bonds, and real estate portfolios by 25% by 2025 and by 50% by 2030.

Engagement target: Undertake continuous climate engagements with 50 biggest portfolio emitters.

Climate solutions investments target: Invest JPY 2.5 trillion in environmental and climate solutions, cumulatively, by 2030.

See the full published targets here. The member’s individual position on thermal coal and on the oil and gas sector can be found here.

Sector target: Reduce scope 1, 2, and 3 emissions in energy, supply, transport, steel, and cement sectors by between 15% and 35% (depending on the sector) by 2025 (base year: 2019).

Climate solutions investments target: Invest DKK 100 billion in the green transition by 2030.

See the full published targets here. The member’s individual position on thermal coal can be found here and on the oil and gas sector here.

Sub-portfolio target: A 50% reduction in carbon emissions in the investment portfolio across selected assets, consistent with science-based pathways to achieve net zero emissions by 2050.

Engagement target: Continued engagement with top corporate emitters among portfolio holdings and with the Fund’s largest asset managers.

Climate solutions investments target: Maintained focus on climate solutions investments which catalyze real-economy decarbonization.

See the full published targets here.

Sub-portfolio target: Reduce the carbon intensity (Scopes 1 and 2) of its listed assets portfolios by 60% over the 2019-2029 period;
– Pursue actions (SRI filter for stock selection, SBTi certification, engagement, and voting policy) aimed at reducing scope 3 emissions;
– Achieve a situation where companies representing 55% of the carbon footprint of the equity, credit and convertibles portfolios have set targets aligned with a temperature rise of 1.5°C or lower approved by the SBTi initiative by the end of 2029.
– Reduce the carbon surface intensity of its real estate portfolio by 15% between 2023 and 2028 (Scopes 1, 2 and part of scope 3);
– Reduce the energy surface intensity of its real estate portfolio by 10% between 2023 and 2028 (Scopes 1, 2 and part of scope 3);
– Achieve a proportion of 30% of its portfolio of real estate assets aligned with the CRREM 1.5°C scenario
(second version) by the end of 2028

Engagement target: Develop shareholder dialogue with 30 of the companies with the highest GHG emissions in the equity, credit and convertibles portfolios in order to promote an energy transition that is aligned with the Paris Agreement

Climate solutions investments target: Increase the amounts invested in assets that contribute to the energy transition and decarbonisation of the economy across the portfolio;
Invest €1.5 to €1.8 billion in financing the ecological transition over the 2025-2029 period.

See the full published targets here.

Sub-portfolio target: Reduce financed emissions by 40% by 2030.

See the full published targets here.

Sub-portfolio target: Reduce GHG emissions across the equities, corporate bonds and real estate portfolios by 29% by 2025.

Engagement target: Ensure that at least 50% of the 86 largest emitters in Folksam’s portfolio will have developed science-based climate targets by 2025.

See the full published targets here. The member’s individual position on thermal coal can be found here and on the oil and gas sector here.

Sub-portfolio target: Reduction of greenhouse gas emissions (Scope 1 + 2) from the FRR’s listed portfolio by 60% by 2030 compared to 2019 for equities and corporate bonds respectively.
Internal assessments conducted by the FRR through its current data providers already include part of Scope 3 (direct suppliers). The gradual inclusion of Scope 3 is part of the FRR’s objectives to have an impact on the real economy.

Engagement target: As part of its delegated management framework, all asset managers must engage on ESG topics. Moreover, FRR is a member of the Responsible Investment Forum to promote the “just transition” :
– designated asset managers engage on behalf of the FRR with 26 portfolio companies, covering 63% of the portfolio’s carbon emissions under the NZAOA framework
– the FRR has also engaged in a collaborative manner as co-lead with the company Saint-Gobain

Climate solutions investments target: We aim to increase our portfolio allocation towards Climate Solutions Investments, aligned with the Green EU taxonomy and SFDR Article 9 classification. This is mainly done through our investments in infrastructure and real estate, which are 100% focused on Europe, and through green bond, which represent 10% of the corporate bond investments in the FRR’s portfolio.

See the full published targets here.

Sub-portfolio target: Reduction of the the carbon intensity of the corporate and real estate portfolios by 60% compared to 2019 and by 2030.

Engagement target: By 2030, engagement with 20 carbon-intensive companies in the Group’s investment portfolio

Climate solutions investments target: Increase of investments in climate solutions by € 12 billion in the period 2025-2027.

Sector target: Thermal Coal: Phase-out of investments in the coal sector by 2030 for OECD countries and by 2040 for the rest of the world.
Oil&GAS: by 2030 direct investments in integrated oil & gas Companies will be allowed only if they have adopted net-zero target (covering Scope 1, 2 and 3);
Unconventional Oil&Gas (tar sands, fracking, Artic Circle drilling): no investment allowed

See the full published targets here.

Sub-portfolio target: Reduce the carbon footprint (Scope 1 and 2) of the listed equity, corporate bonds, infrastructure and directly held real estate portfolios by 50% by 2030 compared to 2022.

Engagement target: Aim for the transformation of investee companies towards net zero emissions through asset manager engagement, structured engagement with the 20 most carbon-intensive companies in the portfolio, and climate-related voting.

Climate solutions investments target: Continue focusing on investments that contribute to climate change mitigation.

See the full published targets here.

Sub-portfolio target: Achieve a 50% reduction in the carbon intensity of corporate equity and bond portfolios by 2030 (base year: 2021).

Engagement target: Approach the largest portfolio emitters (responsible for 65% of carbon emissions in Groupama’s private bond and equity portfolio) through Groupama Asset Management on three main topics: sustainability risks, ecological and energy transition, and pay gaps.

Climate solutions investments target: Allocate €1.2 billion towards sustainable assets (particularly infrastructure, property, and green bonds) between 2022 and 2024.

See the full published targets here. The member’s individual position on thermal coal can be found here.

Sub-portfolio target: Reduce the emission intensity (Scope 1 and 2) of the investment portfolio consisting of listed equities and corporate bonds as well as directly held real estate by 40 % by 2030 (base year: 2019). Additional asset classes will be added gradually.

Engagement target: Seek out dialogue with (at least) the 20 companies which are the largest contributors to portfolio emissions.

Climate solutions investments target: Increase the share of investments in targeted climate-positive assets.

See the full published targets here.

Sub-portfolio target: Reduce the climate footprint for listed equities, corporate bonds and directly owned properties by 29% by 2025 and by 40% by 2030 (base year: 2019).

Engagement target: Engagement with at least the 20 largest emitters in the portfolio about their transition plans as well as their ongoing progress on decarbonization and engage with external managers on their integration of climate considerations in their investment strategies.

Climate solutions investments target: Maintain the focus on investments in climate solutions that help support the transition to a sustainable society. This includes direct investments in renewable energy such as wind turbines, solar cells and biogas.

See the full published targets here.

Sub-portfolio target: Reduce the carbon intensity of listed equity and publicly traded corporate bond portfolios by 50% by 2030, relative to a 2021 baseline.

Engagement target: Conduct bilateral engagement with the 20 largest portfolio emitters, representing approximately 70% of the Group’s financed emissions at the 2021 baseline, and contribute to NZAOA position papers on engagement-related topics.

Climate solutions investments target: Report on climate solution investments and contribute to the Financing the Transition working groups.

See the full published targets here.

Sub-portfolio target: Reduce the emissions intensity (scope 1, 2 & 3) of the publicly traded corporate debt and infrastructure debt by 50% by 2030 (base year: 2019).

Engagement target: Conduct 20 climate-related engagements, focusing on the highest emitters in the Group’s investment portfolio (directly or via external initiatives/asset managers) by year-end 2025.

Climate solutions investments target: Invest £500 million between 2024 and 2025 in either green/sustainability bonds (aligned with the International Capital Markets Association’s guidance) or assets aligned with the Group’s Sustainability Bond Framework.

See the full published targets here.

Sub-portfolio target: Reduce the carbon footprint of listed equities and corporate bond portfolios by 20% by 2025, and by 60% by 2030 (base year: 2020).

Engagement target: Focus on collaborative and bilateral asset manager engagement activities and contribute actively to publications of the NZAOA.

Climate solutions investments target: Increase climate solution investments by 2030 (base year: 2020) and contribute actively to the Transition Financing track.

See the full published targets here.

Sub-portfolio target: L&G commit to a 50% CO2e emission intensity reduction by start of 2030 (from base of end 2019) across their combined bonds & equities, real estate and infrastructure (debt and equity holdings) asset classes.

Engagement target: L&G, through L&G Asset Management, commits to maintain engagements with the top 20 emitters, where L&G is the asset owner, which do not already have Paris-Aligned business transition commitments, up to 2030.

Climate solutions investments target: We are committed to increasing the financing of climate solutions where it creates long-term shareholder and customer value. To support the continual evolution of climate solution investments, we are committed to maintaining representation on the NZAOA financing working track for 5 years.

See the full published targets here.

Sub-portfolio target: Reduce portfolio carbon intensity by 60% by 2030 (base year: 2017).

Climate solutions investments target: Invest CAD 54 billion in low-carbon assets by 2025.

See the full published targets and the member’s individual position on thermal coal here and on the oil and gas sector here.

Sub-portfolio target: Reduce the portfolio carbon intensity by 25% for listed equity, by 30% for listed corporate bonds, and by 55% for real estate assets by 2025 (base year: 2019).

Climate solutions investments target: By 2030, 15% of the investment portfolio (AuM) is to be invested in line with one or more of the six environmental objectives of the EU taxonomy.

See the full published targets here.

Sub-portfolio target: Reduce the climate footprint for listed equities and corporate bonds by 50 % by year end of 2029 (base year: end of 2021).

Engagement target: Concentrate on and engage with at least the 20 largest CO2 emitters within the listed equities and corporate bonds portfolio through the service provider: EOS at Federated Hermes.

Climate solutions investments target: Maintain the focus on clean energy solutions (in particular repowering of wind and solar energy projects). 

See the full published targets here.

Sub-portfolio target: By 2030, reduce carbon emissions intensity in public equity and public corporate debt portfolios by 50% and by 36% in real-estate (base year: 2019).

Engagement target: encourage 40 biggest contributors to portfolio emissions (accounting for 50% of equity and corporate fixed income portfolios to set net-zero targets in line with NZAOA criteria.

Sector target: By 2030, reduce sectoral emissions intensity by: 60% in utilities, by 50% in coal and O&G, by 40% in steel, by 50% in road transport and by 25% in both shipping and aviation (base year: 2019).

See the full published targets here. The member’s individual position on thermal coal can be found here.

Sub-portfolio target: By 2030, reduce the emission intensity (Scope 1+2+3 upstream) per million euros invested of listed equity and corporate bonds by 50% compared to 2020 and align real estate assets in dedicated funds to CRREM 1,5°C scenario.

Engagement target: Focus on the 20 large carbon emitters in its portfolio as well as 20 asset managers. MAIF will also continue to contribute to the Climate Action 100+ initiative.

Climate solutions investments target: Reach 20% of ‘green investments,’ as defined by the French Greenfin label in its portfolio by 2030. MAIF will invest in green bonds as well as climate solutions.

See the full published targets here.

Sub-portfolio target: Reduce carbon intensity (Scope 1 and 2) of listed equity and corporate fixed income portfolios by 43% by 2030 (base year: 2022).

Engagement target: Open dialogue with at least 20 of the top emitters in the corporate bonds and listed equities portfolios.

Climate solutions investments target: Increase investment in solutions promoting transition to a low-carbon economy.

See the full published targets here.

Sub-portfolio target: Reduce carbon intensity (Scope 1 and 2) from domestic and foreign listed companies, as well as real estate, by 49% by 2030 (base year: FY2019).

Engagement target: Assess investees’ plans for reducing their CO2 emissions and engage with companies responsible for approximately 90 percent of the portfolio emissions to encourage them to decarbonise further.

Climate solutions investments target: Invest over JPY 300 billion in decarbonisation from FY2024 to FY2026.

See the full published targets here.

Sub-portfolio target: Reducing the Scope 1 and 2 financed emissions intensity in public equity and corporate bonds portfolio (including investment grade, high yield and convertible bonds) by 59% by 2030, and 100% by 2040 from a December 31, 2019 baseline. NYCERS is working to set emissions reduction targets for private asset classes.

Engagement target: Engaging with portfolio companies representing 90% of Scope 1 2, and 3 financed emissions in public equity and corporate bond portfolios to set third-party verified science-based targets by 2030. Highest emitters are subject to ongoing engagement. Maintaining leadership role with Climate Action 100+. In addition, beginning inJune 30, 2025, all existing and new public equity and corporate bonds asset managers and all new private markets funds are expected to adopt and continually maintain one of the following with a written implementation plan: (1) net zero goal (2) science-based targets or (3) acceptable alternative approach to align with NYCERS’ net zero goal. Actively participating in as well as serving as Co-Lead of Engagement Track.

Climate solutions investments target: Investing a total of $8.7 billion in climate change solutions across all asset classes by 2030

See the full published targets here.

Sub-portfolio target: Reduce carbon intensity (scope 1 and 2) for listed equities, corporate bonds, and real estate by 49% by FY2030 (base year: FY2020).

Engagement target: Conduct dialogues with around 70 top GHG emitters, which account for 80% of emissions of all investee companies.

Climate solutions investments target: Between FY2017 and FY2030, invest JPY 3 trillion in climate solutions in transition, innovation and renewable energy.

See the full published targets here.

Sub-portfolio target: By 2030, NLP is to reduce the carbon footprint of its combined Nordic portfolios (Norway, Finland, Sweden and Denmark), for asset classes in scope, by 40-50 % compared to 2019.

Engagement target: From 2025 to the end of 2029, Nordea Life and Pension (NLP) will each year engage with 30 of its most material emitters on net-zero alignment.

Climate solutions investments target: Increase the share of assets under management (AuM) supporting nature and the climate transition by 20% from 2023 to the end of 2029

See the full published targets here.

Sub-portfolio target: GHG emissions intensity to be reduced by 50% between 2019 and 2030 in equities, corporate bonds and real estate (Scope 1+2)

Engagement target: Asset manager engagement to align mandates with sub-portfolio targets. Corporate engagement supported through Climate Action 100+.

Climate solutions investments target: Climate solution allocation targets for equities, bonds and infrastructure sub-portfolios

See the full published targets here.

Sub-portfolio target: Reduce absolute financed carbon emissions as follows: Listed equity 25% off 2021 baseline to 2030; directly held property by 15% off 2021 baseline to 2030, infrastructure debt 23% off 2022 baseline to 2030. And reduce carbon intensity of financed emissions in publicly listed corporate debt by 17% off 2022 baseline to 2030.

Engagement target: To engage with our 2024 holdings, top 80% of carbon emitters, from 2025-2030

Climate solutions investments target: To increase investment in carbon solutions off 2021 baseline

See the full published targets here.

Sub-portfolio target: P+ has a target for a 65% reduction in CO₂ emissions by 2030 compared to 2019

Engagement target: P+ will continue its active ownership efforts with the largest CO₂ emitters in the portfolio, primarily through engagement partners, as well as maintain ongoing bilateral dialogue with the three most significant external asset managers toward 2030, focusing mainly on climate risks and opportunities

Climate solutions investments target: P+ has a target to have 15% in sustainable investments

See the full published targets here.

Sub-portfolio target: Reduce carbon intensity of listed equities and corporate bonds (scope 1 and 2) by 65% and 60% respectively by 2030 (base year: 2019). For Dutch Mortgages, agreements are made with asset managers on their contribution to reach the reduction targets for residences, as set in the Paris agreement.

Engagement target: Focus on the 20 highest emitters within the listed equities and corporate bonds portfolio, with the aim to make sure that these companies make credible and verifiable plans to reach net zero emissions by or before 2050.

Climate solutions investments target: Invest between €100 million and €150 million in activities that contribute directly to climate solutions by 2030.

See the full published targets here.

Sub-portfolio target: Reduce the weighted average carbon intensity of its portfolio by 50% by year end 2030 (base year: Year end 2019).

Engagement target: Engage with at least the 20 largest GHG emitters in the insurer credit bond portfolio by the end of 2029.

See the full published targets here.

Sub-portfolio target: By 2030, the climate footprint of PensionDanmark’s portfolios of listed equities and corporate bonds are to be reduced by 62% compared to 2018. For private equity, we have a target of reducing the climate footprint by 51% compared to 2019. For our real estate portfolio, we aim at reducing the carbon intensity by 42% compared to 2019.

Engagement target: PensionDanmark has set engagement targets that include supporting collaborative and single engagements, backing Science Based Targets Initiative (SBTi) approved targets and net-zero commitments and contribute to consultation papers aimed at making a real-world change. For instance, PensionDanmark has committed to execute 25 bilateral engagements before 2030 as well as engaging with a minimum of 10 asset managers on climate change policies and practices as well as contributing to minimum 7 AOA-papers.

Climate solutions investments target: By 2030, contribute to financing the construction of a total of 800 MW new capacity in renewable energy.

Sector target:By 2030, PensionDanmark aims to reduce the production carbon intensity of our listed equities, within four main sectors:

Shipping: 25% reduction in scope 1+2+3 intensity from a 2024 baseline
Cement: 25% reduction in scope 1+2 intensity from a 2019 baseline
Utilities: 60% reduction in scope 1+2+3 intensity from a 2019 baseline
Oil & Gas: 15% reduction in scope 1+2+3 intensity from a 2019 baseline

The reduction target for oil & gas must be interpreted carefully, since our exposure to the sector is anticipated to decline towards 2030. The exact decline will depend on the development in global energy markets.

See the full published targets here.

Sub-portfolio target: Reduce carbon intensity (scope 1 and 2) in equity and fixed income portfolios by at least 50% by 2030 (base year 2019).

Engagement target: Conduct dialogues with asset managers that invest, on behalf of PC30, in the 20 companies that generate the most portfolio emissions (or in those responsible for 65% of emissions).

Climate solutions investments target: Continue to increase investment in low-carbon and climate-positive solutions, such as green bonds and investments in companies whose activities contribute to climate change mitigation and adaptation.

See the full published targets here. The member’s individual position on thermal coal and on the oil and gas sector can be found here.

Sub-portfolio target: 60% reduction by 2030 of the portfolio carbon footprint (Scopes 1 and 2) for listed equities and listed corporate bonds (2019 as base year).

Engagement target: Conduct engagements with 100 companies / asset managers on climate by 2030 from a materiality perspective to PFA’s investment portfolio (2023 as base year).

Climate solutions investments target: PFA reports on climate solution investments in alignment with our commitment to The Danish Government’s Climate Partnership for Finance.

See the full published targets here.

Sub-portfolio target: Reduce the carbon intensity across all assets within influence and control by at least 50% by 2030.

Engagement target: Continue active engagement with investee companies, asset management partners, industry groups and key decision makers.

Climate solutions investments target: Deploy £10 billion in direct investments in sustainable and productive opportunities by 2026, of which climate solutions is one of the elements.

See the full published targets here.

Sub-portfolio target: Reduction of financed greenhouse gas emissions intensity by December 31, 2029:
– Equities and corporate bonds by 35% (Scope 1 and 2) compared to 2021
– Direct real estate portfolio by 40% compared to 2022

Engagement target: We aim to make a positive contribution to combating climate change through our engagement activities. This includes exercising voting rights, particularly at portfolio companies with the highest emissions, and engaging with issuers that have the greatest impact on climate change. In addition, we pursue systematic engagement with the external managers we have mandated.

Climate solutions investments target: The volume of climate-positive investments, as defined by the EU Taxonomy or through the Green Bond classification according to the Green Bond Principles, is to be maintained and, where possible, further expanded.

See the full published targets here.

Sub-portfolio target: Deliver a 55% reduction in the carbon emissions
intensity of our investment portfolio by 2030
against our 2019 baseline. Scope is set out in our Basis of Reporting document, but most importantly applies to corporate bonds and listed equity

Engagement target: Engage with the companies responsible for 65% of absolute emissions in our investment portfolio

Climate solutions investments target: Internal investment target on financing the
transition to a lower-carbon future. Prudential’s Financing the Transition framework is available publicly, and AUM target to be disclosed in March 2026. https://www.prudentialplc.com/content/dam/prudential-plc/newsroom/though-leadership/thought-leadership/just-and-inclusive-transition-whitepaper.pdf.coredownload.inline.pdf

See the full published targets here.

Sub-portfolio target: By 2030, reduce scope 1 and 2 emissions from listed equities and corporate bonds by 40% (base year: 2019) and from directly held real-estate by 25% (base year: 2023).

Engagement target: Engage with the 20 highest-emitting companies in the portfolio that account for at least 65% of total emissions.

Climate solutions investments target: Expand the share of climate-positive investments (that contribute to climate change mitigation or adaptation), taking into account risk/return considerations.

See the full published targets here. The member’s individual position on thermal coal can be found here.

Sub-portfolio target: We aim to reduce the Scope 1 & 2 Carbon Intensity of both our total portfolio and our Publicly Traded Corporate Debt sub-portfolio by 50% by 2030, with a baseline set in 2020.

Engagement target: We commit to engage with at least 20 of our most carbon intensive issuers.

Climate solutions investments target: We are committed to supporting efforts to encourage low carbon opportunities and financing climate solutions.

See the full published targets here.

Sub-portfolio target: Corporate bonds and listed equities: 55 % GHG intensity reduction target on scopes 1, 2 and 3 by 2030 versus end of 2019
Direct real estate: 50% GHG intensity reduction by 2030 versus end of 2020

Engagement target:

Climate solutions investments target:

See the full published targets here.

Sub-portfolio target: Reduce the carbon footprint of equity, corporate bond, and directly held real estate portfolios by 65% by 2030, compared to 2018.

Engagement target:

Climate solutions investments target: Triple the part of “climate-oriented” assets between 2020 and 2030

See the full published targets here.

Sub-portfolio target: A 50-60% reduction in the intensity of listed equities, corporate bonds, loans to listed companies, and listed equity and corporate bond funds by 2030, with 2019 as the base year

Engagement target: Engage with the 20 highest GHG–emitting companies among equity holdings.

Climate solutions investments target: Recognizing our role as a responsible institutional investor, we will continue to invest and increase our exposure to climate solutions and other sustainable development themes, while ensuring economic viability and fulfilling our fiduciary responsibilities.

See the full published targets here.

Sub-portfolio target: Sparkassen Versicherung Sachsen Lebensversicherung AG has set a target to reduce the greenhouse gas emissions of its liquid investments in listed equities and corporate bonds by 40% by 2030,
compared to the base year 2021. The emissions considered include Scope 1 and Scope 2 categories.
For the company’s directly held real estate assets, a reduction target of 40% in absolute greenhouse gas emissions (Scope 1 and 2) by 2030 compared to 2021 has been established. Emissions are measured in tonnes of CO₂e per annum

Engagement target: Engagement activities are coordinated within the group of public insurers to maximize impact. To effectively exercise its role as an active investor and strengthen its impact, the group of public insurers collaborates with Deka Investment GmbH as a strategic partner. Additionally, Sparkassen-Versicherung Sachsen Lebensversicherung AG maintains close and
cooperative relationships with its appointed asset managers to ensure that its sustainability objectives
are comprehensively integrated into the management of its investment portfolio.

Climate solutions investments target: Sparkassen-Versicherung Sachsen AG aims to pursue CSI investments, taking into account risk, return, and liquidity considerations. Such engagements will be made progressively and depending on the availability of suitable investment opportunities

See the full published targets here.

Sub-portfolio target: A 50% reduction in the weighted average carbon intensity of listed equity, publicly available debt and real estate relative to a base year of 2019. Rowan Dartington assets are excluded.

Engagement target: We will engage with our 20 highest emitting entities, either through our investment managers or directly (collaboratively or individually).

Climate solutions investments target: We will look to increase our investments in climate solutions.

See the full published targets here.

Sub-portfolio target: Reduce absolute GHG emissions (scope 1 and 2) of listed stocks, corporate bonds, listed real estate and infrastructure investments by 50% by 2030 (base year: 2019). Investigation ongoing to expand target to non-listed real estate and government bonds

Invest in energy transition infrastructure in order to avoid GHG emissions

Engagement target: Engage with the 100 highest GHG–emitting companies among equity holdings (and bond holdings if equity stake also exists) as part of Climate Action 100+.

Climate solutions investments target: Invest 10% of our investment portfolio into impact investments that contribute directly to climate solutions by 2025.

See the full published targets here.

Sub-portfolio target: Reduce emissions in the total equity and corporate bond investments by 60 % (base year 2018), real estate residential properties investments by 64% (base year 2019), and real estate commercial investments properties by 71 % (base year 2019). 

Engagement target: Prioritize dialogue with the 30–50 companies with the highest emissions in our investment portfolio.

Climate solutions investments target: Invest 20 % of total AuM in solutions by 2030 (see definition and asset classes covered in transition plan linked)

See the full published targets here.

Sub-portfolio target: Reduce GHG emissions intensity of listed stocks, corporate bonds and loans, real estate, and infrastructure investments by 50% by 2030 (base year: 2019).

Engagement target: Hold dialogues with investee companies (including high-emitting companies) in line with Japanese government’s GHG reduction efforts of -50% by 2030 with 2013 as base year.

Climate solutions investments target:

See the full published targets here.

Sub-portfolio target: Reduce carbon intensity (scope 1 and scope 2) in listed equity and publicly traded corporate debt portfolios by 50% and in real estate by 40%, all by 2030 (base year: 2019).

Engagement target: Capitalise on strategic partnerships in sustainability and corporate governance with Deka Investment GmbH to engage with the largest portfolio emitters. SV supports Climate Action 100+.

Climate solutions investments target: Increase the share of climate-positive investments (infrastructure, renewable energy, timber), taking into account risk/return/liquidity considerations.

Sector Target: A long-term full exit strategy from coal and oil sands investments (by 2030 in developed countries and by 2040 worldwide) and a divestment strategy from oil and gas companies without climate targets was established.

See the full published targets here.

Sub-portfolio target: Reduce GHG intensity (Scope 1 and 2) for corporate bonds and listed equities by 55% (vs 2018) and for real estate by 25% (vs 2022) by 2030

Engagement target: Engage with top 20 GHG emitters in corporate bonds and listed equities as well as with 4 external managers

Climate solutions investments target: Hold at least 5% of public fixed income portfolio in Green, Social and Sustainable bonds and commit at least USD 750min climate solution and social infrastrcuture debt

See the full published targets here.

Sub-portfolio target: Limit our carbon emissions intensity to 28 metric tons of CO2 per million dollars invested

Engagement target: Shareholder engagement targets on the top 20 emitters, backing targets and net-zero committements approved by the Science Based Targets Initiative (SBTi)

Climate solutions investments target: A minimum of 75% of our assets under management will be invested in climate solutions.

See the full published targets here.

Sub-portfolio target: Reduce carbon intensity (Scope 1 and 2) of directly managed listed equities and publicly traded corporate bond portfolios by 50% by 2030 (base year: September 2022).

Engagement target: Carry out engagement activities with 20 investee companies that generated the highest Scope 1 and 2 emissions in 2022. Both bilateral and collective engagement activities are planned at company and sector levels (through initiatives such as Climate Action 100+)

Climate solutions investments target: Devote EUR 1.8 billion towards thematic investments for the SDGs in 2027, including those for combating climate change and protecting the environment, terrestrial, marine, and freshwater ecosystems

See the full published targets here.

Sub-portfolio target: Reduce the Scope 1 and 2 carbon emission intensity by revenue for the investment portfolio including equity, fixed income and cash positions by 60 per cent by 2030 (base year 2021). Additionally, reduce the Scope 1 and 2 carbon emission intensity by invested value for the listed equity and corporate bond portfolio by 48% per cent by 2030 (base year 2021).

Engagement target: Take an active ownership approach by focusing on investees accounting for 65 per cent of financed emissions in direct equity and corporate bonds.

Climate solutions investments target: Maintain sustainable investments (consisting of Green, Social and Sustainability bonds as well as Renewable and Social Infrastructure Investments and SFDR Art. 9 Funds) at EUR 2 billion.

See the full published targets here.

Sub-portfolio target: The UNJSPF has set a 60% intensity reduction target for its public equities, corporate bonds and private real estate portfolios by 2030 compared to 2019 levels.

Engagement target: OIM engages with the top 20 highest emitters in its portfolio. We adopted an escalation process for companies that do not reach our engagement targets (including voting against board re-election.)

Climate solutions investments target: The Fund’s objective is to identify and invest in companies that are most effectively managing transition risks and are well positioned for the long term. Using a proprietary model, we monitor our current exposure to this theme and identify, within the fossil fuel industry (as quantified by revenues), companies that are already transitioning their business models and that we should still get exposure to.

See the full published targets here.

Sub-portfolio target: Reduce the carbon footprint of publicly traded corporate bonds, equities, and equity-like securities by 50% by 2030 (base year: 2019).

Engagement target: Continue engaging with current and prospective asset managers to emphasize GHG emissions reduction in their portfolios and climate impact in the real economy.

Climate solutions investments target:

See the full published targets here.

Sub-portfolio target: Reduce intensity of scope 1 and 2 carbon emissions in listed equities, publicly traded corporate bonds, infrastructure, private equity, private debt, and real estate portfolios by 16.5% by 2025 and 60% by 2030 (base year: 2021).

Engagement target:

Climate solutions investments target: Commit at least CAD 1.2 billion to climate solution investments by 2030. Actively participate in the NZAOA’s Financing Transition Track.

See the full published targets here.

Sub-portfolio target: Reducing carbon intensity by 30% in equity and corporate bond portfolios by 2025.

NB: This organisation does not have a website, the target comes from the CEO statement published during adhesion to the NZAOA.

See the full published targets here.

Sub-portfolio target: Reduce carbon emission intensity (scopes 1 and 2) of corporate investments by at least 50% by 2030 (base year: 2019).

Engagement target: Carry out dialogues with 20 carbon-intensive companies (or those representing 65% of portfolio emissions), with the goal of improving their climate commitments.

Climate solutions investments target: Assume an active role in financing the energy transition through positive climate solutions, such as green bonds.

See the full published targets here. The member’s individual position on thermal coal and the oil and gas sector can be found here.

Sub-portfolio target: Listed equities: Greenhouse gas emissions are to be reduced by 50 percent by the end of 2029 compared to the base year 2019.
Corporate bonds: Greenhouse gas emissions are to be reduced by 40 percent by the end of 2029 compared to the base year 2019.

Engagement target: Focus of our engagement is on corporate governance, climate change, and demographic development. We want to increase the share of companies with SBTi approved targets.

Climate solutions investments target:

See the full published targets here.

Sub-portfolio target: Reduce carbon emission intensity of investments funds by 55% by 2030 (From a baseline of September 2019).

Engagement target:

Climate solutions investments target:

See the full published targets here.