IFM Investors has made a “landmark” committed to reducing the greenhouse gasses emitted across its asset classes to net zero by 2050.
Following a decision made by its pension fund-owned fund manager, the firm will align with the Paris Agreement’s goals to limit global temperature rises.
IFM is going expand investments into renewable energy and other carbon reducing initiatives, as well as establishing frameworks and policies to support future climate-guided decision making.
Chief executive David Neal commented: “The investment horizon of IFM and our investors is often measured in decades, not years, and it’s vital that we actively manage the risks posed by climate change.
“The actions we take will help ensure we continue to deliver long-term risk-adjusted returns for our investors and their members and beneficiaries.”