29th March 2021

Pemberton joins the Net Zero Asset Managers initiative


Overview

Pemberton, the asset manager backed by one of Europe’s largest insurers, Legal & General Group PLC is thrilled to join the Net Zero Asset Managers initiative.

Asset managers representing over US$22.8 trillion of assets under management today announced that they are new signatories to the Net Zero Asset Managers initiative. Following the launch of the initiative in December 2020, 43 additional asset managers are making new, enhanced commitments to support the goal of net zero greenhouse gas emissions by 2050 or sooner, in line with global efforts to limit warming to 1.5°C.

The Net Zero Asset Managers initiative now has a total 73 global asset manager signatories, representing US$32 trillion in assets under management, representing more than a third (36%) of the total assets under management across the globe. The breadth of signatories signals the determination of investors to play their part in achieving a net zero and resilient future and the global significance of the Net Zero Asset Managers initiative.

At Pemberton, we see ourselves as stewards of responsible investment, supporting our borrowers and sponsors in building value through sustainable growth. The Net Zero Asset Managers initiative fits in with our firm’s commitment to focus on the environmental and social impact we can have together. To this end, we are proud to be carbon neutral firm and look forward to working with investors, borrowers and peers on future decarbonisation efforts.

– Symon Drake-Brockman, Managing Partner at Pemberton

I am delighted to welcome Pemberton to the Net Zero Asset Managers initiative. This is a vital decade with urgent action needed to meet the goals of the Paris Agreement and limit global warming to 1.5°C. Asset managers, including Pemberton, coming together to commit to net zero targets sends a clear signal that the financial firepower of institutional investors will be dedicated to delivering real progress towards a net zero and resilient future.

– Stephanie Pfeifer, CEO, Institutional Investors Group on Climate Change and Founding Partner of the Net Zero Asset Managers initiative

About the Author

Symon Drake-Brockman

Managing Partner