Trillium announces 2030 Net Zero Target as part of Net Zero Asset Managers Initiative
Dear U.S. Environmental Protection Agency Administrator and Members of Congress,
In April 2021, Trillium joined other leading global asset managers in signing onto the Net Zero Asset Managers (NZAM) Initiative, formally pledging to align our portfolios with the goal of net zero greenhouse gas emissions by 2050 or sooner, in line with global efforts to limit warming to1.5 degrees Celsius. By joining NZAM, we pledged to make our own commitments to move our equity strategies towards a net zero greenhouse gas emission world. Therefore, in the run-up to the United Nations Climate Change Conference (COP26) in Glasgow, we are setting our commitment in an effort to do our part to help global progress be made this decade to slow and end GHG emissions and climate change.
As Trillium’s equity strategies are already aligned with emissions levels well below 2 degrees of temperature increase (as of September 30, 2021), we are focusing our commitment on the climate targets of the companies we invest in. In addition to our commitment to net zero by 2050, our interim target is that by 2030, 75% of the holdings of our Trillium-advised larger cap-equity strategies will have set science-based greenhouse gas emissions reduction targets approved by the Science Based Targets Initiative (SBTi).
Since our founding in 1982, Trillium has been at the forefront of socially responsible investing. In committing to net zero emissions by 2050 and establishing an interim target, we are formalizing what has long been integral to our investment process and advocacy work. We joined this initiative because we recognize that the world is at an important juncture in the longstanding work to drive carbon reductions in our economy and that all organizations should contribute meaningfully to the effort. As we move into this new phase, the authenticity of commitments and follow through will be critical, and Trillium is committed to doing its part to avoid the potentially devastating consequences of climate change.