News & Analysis

Vista, Amundi set net zero 2050 target

The net zero asset managers initiative, which sees asset managers commit to carbon neutrality across their portfolios by 2050, has 41 new signatories. There was a 'marked uptick' in Asian managers joining, says the initiative.

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Vista Equity Partners and Amundi Asset Management are among 41 organisations that have just joined the net zero asset managers initiative. Signatories of the initiative commit to achieving net zero greenhouse gas emissions across their portfolios by 2050 and setting 2030 emissions reductions targets.

For example, Vista, a Texas-based technology-focused private equity firm with $75 billion in assets under management, has committed to reducing its portfolio’s carbon emissions by 50 percent by 2030, according to the firm’s statement.

The initiative has noted “a marked uptick in the number of Asian managers now part of the initiative” among the 41 new signatories, as well as European and North American managers.

The NZAM initiative was launched in December 2020. It now has 128 signatories with $43 trillion in assets under management collectively, according to the initiative’s statement.

Among the 41 new signatories are: Amundi, Ashmore Group, Earth Capital, Fiera Capital Corporation, Franklin Templeton, HSBC Asset Management, InfraRed Capital Partners Limited, Shinhan Asset Management Co, Vista Equity Partners and Willis Towers Watson.