Jupiter commits to net-zero

Jupiter Fund Management is committing to achieving net-zero emissions by 2050 across its full range of investments and operations with Andrew Formica (pictured), CEO, Jupiter, saying: “The transition to net-zero carbon emissions is imperative but improving wider societal and governance standards is also crucial. Along with net-zero commitments, initiatives that align with the wider sustainability agenda, such as the UNGC principles and Good Work Coalition, will result in long-term gains for all stakeholders.”

The company will define a detailed roadmap including milestones and targets for achieving this ambition across its £56bn investment range, including interim targets for 2030, by the end of this year. Jupiter has already made significant progress in planning for achieving its net-zero emissions target. As part of this plan, Jupiter has a partnership with Forest Carbon, a not-for-profit scheme providing woodland carbon capture projects in the UK.

At the same time, Jupiter is aligning with the UN Global Compact (UNGC) on its strategy, purpose and principles. In line with the Compact, all its investment decision-making and engagement will be guided by the principles of the UNGC and all investee companies will be expected to abide by the Compact’s Ten Principles, committing to meeting fundamental responsibilities in the areas of human rights, labour, environment and anti-corruption.

In the third ESG announcement, Jupiter has joined the Good Work Coalition, and will encourage all investee companies to pay a living wage to their employees and push for better working conditions and reduced workplace inequality, in partnership with ShareAction and other members of the Coalition.

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