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Net Zero Asset Managers Initiative: Fiera Capital Sets Initial Net Zero Targets
Net Zero Asset Managers Initiative: Fiera Capital Sets Initial Net Zero Targets ...
About this update from Fiera Capital Corporation Class A
[{"type":"text","content":"\n \n \n \n Net Zero Asset Managers Initiative: Fiera Capital Sets Initial Net Zero Targets\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n Fiera Capital's initial targets for the proportion of assets to be managed in line with achieving net zero greenhouse gas emissions by 2050 have been approved\n \n \n \n \n \n MONTREAL\n \n \n ,\n \n \n Nov. 17, 2022\n \n \n /CNW Telbec/ - Fiera Capital Corporation (\"Fiera Capital\" or the \"Company\") (TSX: FSZ), a leading independent asset management firm, is pleased to announce that its proposed initial carbon reduction and engagement targets have been approved by the\n \n Net Zero Asset Managers initiative\n \n (the \"Initiative\"). As of\n \n November 9, 2022\n \n , a total of 169 asset managers have set initial targets, bringing the total assets now committed to be managed in line with achieving net zero by 2050 or sooner to\n \n US$ 21.8 trillion\n \n .\n \n \n The international Initiative aims to compel the asset management industry to play a more active role in battling climate change.\n \n Fiera Capital joined the initiative in 2021\n \n as part of its commitment to further reinforce its sustainable investing approach.\n \n \n Fiera Capital's initial commitment represents, as of\n \n March 31, 2022\n \n , a total of\n \n US$ 9.8 billion\n \n or approximately 7% of its assets under management. As Fiera Capital offers customized multi-asset solutions across both public and private market asset classes, the efforts have been focused on finding the most appropriate approaches for each asset class the Company initially intended to commit.\n \n \n This target is a starting point that will be periodically reviewed, with the intention of adding more strategies and significantly increasing the Company's commitment as methodologies further develop to cover more asset classes and data becomes more accessible. To track its alignment, Fiera Capital plans to leverage the decarbonization and engagement targets approach of the Paris Aligned Investment Initiative...