Franklin Templeton joins Net Zero Asset Managers Initiative
Wednesday, July 7th 2021, 1:48PM
Franklin Templeton Investment groups, and three of their affiliated investment managers - ClearBridge Investments, Brandywine Global and Martin Currie - have joined the industry-leading Net Zero Asset Managers Initiative.
These four signatories collectively represent more than US$948 billion in assets under management.
Launched in December 2020, the Net Zero Asset Manager Initiative is an international group of asset managers committed to supporting the goal of net-zero greenhouse gas emissions by 2050 or sooner.
As of today, the number of signatories consists of 128 investors who have $43 trillion in assets under management, a clear sign of the asset management industry’s recognition that climate change is an urgent priority that must be addressed.
Chief executive and president of Franklin Templeton, Jenny Johnson says Franklin Templeton’s Stewardship and Sustainability Council and the Global Sustainability Strategy Team have identified climate change as a key strategic priority for the firm and will be implementing this important agenda for change throughout the organisation, in collaboration with internal stakeholders and clients.
"We approach our journey with the clear acknowledgement that we must commit to finding the data and solutions to help us achieve global net-zero emissions by 2050," says Johnson.
"We will work toward this 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.”
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