Jupiter Fund Management has committed itself to achieving net zero emissions by 2050 across its full range of investments and operations, joining efforts to limit global warming to less than 1.5°C in line with the Paris Agreement.
The company says it will come up with a detailed roadmap, including milestones and targets for achieving the goal across its US$71.9 billion investment range, including interim targets for 2030, by the end of this year.
According to Jupiter, all its investment decision-making and engagement will be guided by the principles of the United Nations Global Compact and all its investee companies will be expected to abide by the UNGC’s Ten Principles, committing to meeting fundamental responsibilities in the areas of human rights, labour, environment and anti-corruption.
Jupiter has also joined the Good Work Coalition. Across its flagship UK equities business, the firm says it 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.
The company has partnered with Forest Carbon, a not-for-profit scheme providing woodland carbon capture projects in the United Kingdom. It says the move is aimed not only at removing carbon emissions but also at facilitating flood alleviation, habitat creation, employment, public access and cleaner air.