The Bottom Line: Global Net Zero

Franklin Templeton and asset managers unite to fight climate change

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New action, real action – that’s what people around the world want to see from COP26, the UN Climate Change Conference in Glasgow.
New action to fight climate change. Real action to put money where our mouths are.
New action to adapt to a changing climate, as so many countries pledged in the Paris Agreement.
COP26 is about people working together to reduce greenhouse gas emissions to net zero by 2050. Just before the conference, private financial institutions were called out by the COP26 Presidency to announce ambitious actions to fight climate change.
Well, new action has started among many asset managers. It’s called the Net Zero Asset Managers Initiative, an international group of asset managers that support the goal of net zero greenhouse gas emissions by 2050 or sooner.
About 130 asset managers, representing US$43 trillion in assets under management, have signed on to the Net Zero Initiative, including Franklin Templeton.
“We must commit to finding the data and solutions to help us achieve global net zero emissions by 2050,” said Jenny Johnson, President and CEO of Franklin Templeton. The company has made climate change a strategic priority and will implement this important agenda for change throughout the organization.
Under the Net Zero Initiative, managers make specific commitments, including creating investment products aligned with net zero emissions by 2050 and facilitating more investment in climate solutions. Net Zero comes with real benchmarks and commitments.
“We’ll work toward this [net zero] goal in a spirit of authentic engagement and partnership with our clients and stakeholders, in keeping with our belief that good stewardship as a global asset manager means managing and allocating capital to benefit our clients across generations,” added Ms. Johnson.
Bringing new action, real action, to the climate change fight.

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