Finance the energy transition
Committed over US$600 million in investments to date that support the transition to a low-carbon economy
As a long-term steward of our customers’ assets, we are committed to managing our investments with prudence so we can confidently secure the financial futures of our customers. We integrate all value drivers, including environmental and social factors, into our investment approach to enhance returns while driving positive change, in a manner consistent with our fiduciary duties to customers and shareholders. As a Group, we are striving to become a net-zero asset owner by 2050.
Finance the energy transition
Committed over US$600 million in investments to date that support the transition to a low-carbon economy
On track to achieve our Net Zero target by 2050
Contributed to a 53 per cent reduction in the Weighted Average Carbon Intensity of our Group investment portfolio compared to a 2019 baseline
We are committed to reducing the carbon intensity of our investment portfolio to manage climate risks and to support our Group goal to become a net-zero asset owner by 2050.
We believe that the transition to a lower-carbon economy must take into consideration the challenges of emerging markets, which rely more on high-emissions energy sources, such as coal, for development, compared to developed nations.
To support emerging markets in their decarbonisation journeys, we are directing investments towards financing low-carbon or transition activities in the region, while meeting our fiduciary requirements.
Read more about our Financing the Transition Framework here.
Developing economies across the region will be disproportionately affected by the impacts of climate change. Our Responsible Investment approach includes special considerations for emerging markets to capitalise on growth opportunities while supporting an equitable energy transition.