ABOUT THE RESEARCH 
      ABOUT THE RESEARCH 
         We set out to investigate the progress of asset owners in Europe and Asia-Pacific on portfolio decarbonisation: 
          
                   800                             Geo                            Size 
              Total respondents                   Regions                           AUM 
              •  750 asset owners              •   400 Europe                 •  $1bn-$5bn — 
              •  50 wealth                     •   400 APAC                      58% 
                 managers                                                     •  >$5bn — 42% 
    MESSAGING PRESENTATION
      Portfolio decarbonisation is gaining traction 
      across the entire industry 
     91% of asset owners say portfolio                     Asset owners making decarbonisation a ‘very 
     decarbonisation is a moderate or high                 high/high priority’, across markets 
     priority
                    7%
                                                                  55%    Sweden            36%     China 
                   35%
                                     Very high/Top prior-         54%    Switzerlan        35%     Singapore 
                                     ity                                 d 
        91%                          High priority
                                     Moderate priority
                                     Low priority
                   49%               No plans to do this
                                                                  53%    UK                31%     Italy 
                    8%
      Q1A To what extent is your institution prioritizing portfolio decarbonisation and/or investments in ‘climate solutions’ over the next three years? Asset owners=750 
   MESSAGING PRESENTATION
     Risk mitigation and shifts in policy/regulation are key 
     motivations to decarbonise 
                 Motivations for prioritizing portfolio decarbonization over the next three years (rank 1-3)
        Mitigate risks to investment performance                                                   42%
        Shifts in climate-focused policy/regulation                                              41%
              Drive investment outperformance                                                   40%
          Play our part in fighting climate change                                          37%
                     Avoid reputational risk                                              36%
         Align climate actions with industry peers                                       35%
                 Pressure from fund sponsor                                            34%
                 Pressure from end investors                                        32%
   Q3 What are the most important motivations for your institution to prioritise portfolio decarbonisation over the next three years? Total=796 
     MESSAGING PRESENTATION
         There’s strong momentum to set formal decarbonisation 
         targets — but only 14% have Paris-aligned targets in 
         place today                                                                                                                   Paris-aligned targets by region: 
                                                                                                                                       18% in Europe 
                                                             52%                                                                       16% in Australia 
                                                                                                                                       8% in Asia Pacific 
                                                                                                                                           (excluding Australia) 
                            19%
                                                                                                                                                                  15%
                                                                                                                                10%
                                                                                                4%
                                                                                   Asset owners with ‘Paris-aligned’ targets 
    Q2A: Has your institution set a long-term target for the decarbonisation of its portfolio, including the level of greenhouse gas (GHG) emissions reduction it 
    aims to achieve, and a clear date for achieving this? Asset owners=750 
    MESSAGING PRESENTATION
       Insurers lead the way on Paris-aligned net zero 
       targets 
        Asset owners with targets to achieve net-zero by 2050 or earlier                                         “We see climate risk not 
                                                                                                                 only as financial risk, but 
                                                                                                                 also as existential risk for 
                                                                                                                 our industry.” 
                                         0.28                                                                    European insurer 
            0.14
                                                                       0.11
                                                                                                    0.09                         0.09
     All asset owners       0          Insurers          0        Endowments           0       Foundations          0       Pension funds 
    Q2A: Has your institution set a long-term target for the decarbonisation of its portfolio, including the level of greenhouse gas (GHG) emissions reduction it 
    aims to achieve, and a clear date for achieving this? Asset owners=750, Insurers=174, Endowments=199, Foundations=190, Pension funds=183