Macquarie Asset Management sets sights on net zero portfolio by 2040
Credit: Macquarie Group
Australian banking giant becomes latest major investor to announce plans to decarbonise its portfolio
Australian banking giant Macquarie Group this week moved to mark the fifth anniversary of the Paris Agreement by announcing its asset management arm will work to deliver a net zero emission portfolio by 2040.
In a letter to investors released yesterday, Martin Stanley, head of Macquarie Asset Management (MAM), set out a series of steps designed to put the company on track to decarbonise its portfolio in line with the goals of the Paris Agreement.