• Home
  • News
    • People moves
    • Africa
    • Asia
    • Australia
    • Canada
    • Caribbean
    • Domicile
    • Europe
    • Latin America
    • North America
    • Middle East
    • US
    • US
    • UK
  • Products
    • Funds
    • Pensions
    • Platforms
    • Insurance
    • Investments
    • Private Banking
    • Citizenship
    • Taxation
  • Fintech
  • Regulation
  • ESG
  • Expats
  • In Depth
  • Special Reports
  • Directory
  • Video
  • Advertise with us
  • Directory
  • Events
  • European Fund Selector
  • Newsletters
  • Follow us
    • Twitter
    • LinkedIn
    • Newsletters
  • Advertise with us
  • Directory
  • Events
    • Upcoming events
      event logo
      International Investment Nordic Forum 2021

      International Investment is delighted to announce the 2021 International Investment Nordic Forum which will take place on Tuesday March 9, at 9am (GMT). This curated virtual event will be broadcast live and will feature a series of fund manager interviews and presentations, as well as interviews with some of the Nordic regions top fund selectors.

      • Date: 09 Mar 2021
      • ONLINE, ONLINE
      event logo
      Sustainable Investment Festival 2021

      The Sustainable Investment Festival will run online from 22-25 June and will include thought-provoking presentations from renowned keynote speakers, innovative breakout events and sessions specifically tailored to meet the information needs of fund selectors, financial advisers, pension consultants, trustees and scheme managers.

      • Date: 22 Jun 2021
      • Online, Online
      View all events
  • European Fund Selector
International Investment
International Investment

Sponsored by

Sharing Alpha
  • Home
  • News
  • Products
  • Fintech
  • Regulation
  • ESG
  • Expats
  • In Depth
  • Special Reports
  • Video
  • ESG

Jupiter commits to net zero emissions and aligns with sustainable initiatives

Jupiter commits to net zero emissions and aligns with sustainable initiatives
  • Christopher Copper-Ind
  • @intlinvestment
  • 23 February 2021
  • Tweet  
  • Facebook  
  • LinkedIn  
  • Send to  

Jupiter Fund Management today pledged to achieve net zero emissions by 2050 across its range of investments and operations, reflecting the 'urgent need to limit global warming to less than 1.5°C in line with the Paris Agreement.'

The company committed to define a detailed roadmap including milestones and targets for achieving this ambition across its £55.7bn investment range, including interim targets for 2030, by the end of this year.

Related articles

  • Jupiter takes hit as Merian clients pull £1bn
  • BNY Mellon launches service to evaluate ESG factors in investment performance
  • HSBC climate credentials in firing line as asset managers file shareholder resolution
  • Guernsey sets out ESG criteria governing private equity

At the same time, Jupiter is aligning with the UN Global Compact (UNGC) on its strategy, purpose and principles. In line with the Compact, all the company's investment decision-making and engagement will be guided by the principles of the UNGC and all investee companies will be expected to abide by the Compact's Ten Principles, committing to meeting fundamental responsibilities in the areas of human rights, labour, environment and anti-corruption.

At Jupiter we believe that the future is better served by sustainable companies with strong environmental credentials."

Separately, Jupiter has become a member of the Good Work Coalition. Across its flagship UK equities business, the firm will encourage all investee companies to pay a living wage to their employees and will push for better working conditions and reduced workplace inequality, in partnership with ShareAction and other members of the Coalition. This move reflects Jupiter's responsibilities as a UK company, its strong stewardship and governance framework and deep investment reach across its home market. To demonstrate this commitment, Jupiter will also accredit as a Living Wage Employer.

Jupiter today also announced its partnership with Forest Carbon, a not-for-profit scheme providing woodland carbon capture projects in the UK.

By investing in woodland creation in the UK, the company is not only removing carbon emissions but also facilitating flood alleviation, habitat creation, employment, public access and cleaner air, benefiting wider society in line with its corporate purpose. In addition, over the course of the year, Jupiter will further enhance its disclosure on the total Scope 1,2 and 3 emissions produced by its operations and will set operational emissions targets consistent with its net zero objective.

Commenting on these developments, Andrew Formica, CEO, Jupiter, said: "Today's announcements build on Jupiter's position as a long-standing supporter of sustainable and responsible investing. At Jupiter we believe that the future is better served by sustainable companies with strong environmental credentials, and it is imperative that we work together as a company, an industry, and a society to tackle climate change. I am pleased at the progress Jupiter is making towards this at both an investment and company level." 

Formica added: "As a high conviction, active manager of our clients' money, we have a responsibility and an opportunity to do all we can to effect change by engaging with and influencing the companies we invest in to adopt more sustainable businesses. The transition to net zero carbon emissions is imperative but improving wider societal and governance standards is also crucial."  

"Along with net zero commitments, initiatives that align with the wider sustainability agenda, such as the UNGC principles and Good Work Coalition, will result in long term gains for all stakeholders."

Subscribe to International Investment's free daily newsletter

  • Tweet  
  • Facebook  
  • LinkedIn  
  • Send to  
  • Topics
  • ESG
  • Jupiter
  • ESG
  • Andrew Formica
  • UK

More on ESG

Registrations open for Sustainable Investment Festival - book your place now

  • ESG
  • 25 February 2021
Comment: Four key issues powering the renewable energy revolution

  • Comment
  • 22 February 2021
J.P. Morgan Asset Management launches Global Income Sustainable Fund

  • ESG
  • 22 February 2021
Comment: What's behind the rapid rise of social bonds

  • Comment
  • 19 February 2021
Legal & General IM adds sustainable bond fund to fixed income ETF range

  • ESG
  • 19 February 2021
Back to Top

Most read

Global UHNWI population to grow by 27% over the next five years: Knight Frank
Global UHNWI population to grow by 27% over the next five years: Knight Frank
Amati Global Investors launches strategic metals fund
Amati Global Investors launches strategic metals fund
Aviva announces exit from Turkey
Aviva announces exit from Turkey
HSBC Malaysia appoints head of global banking
HSBC Malaysia appoints head of global banking
Erratic Bitcoin leaves industry divided as Square invests $170m
Erratic Bitcoin leaves industry divided as Square invests $170m
  • Contact Us
  • Marketing solutions
  • About Incisive Media
  • Terms and conditions
  • Policies
  • Careers
  • Twitter
  • LinkedIn
  • Newsletters

© Incisive Business Media (IP) Limited, Published by Incisive Business Media Limited, New London House, 172 Drury Lane, London WC2B 5QR, registered in England and Wales with company registration numbers 09177174 & 09178013

Digital publisher of the year
Digital publisher of the year 2010, 2013, 2016 & 2017
Loading