As part of a new climate strategy, one of the leading German asset managers is also targeting net zero emission portfolio by 2050
German investment manager KGAL has committed to becoming a climate-neutral company by the beginning of 2021 by offsetting all greenhouse gas emissions connected to its operations. Emissions calculated per employee will be reduced by 5% annually during the next 10 years. It has also pledged to have a net zero emission investment portfolio by 2050. The targets are set out in the company’s newly announced climate strategy.
The strategy of the KGAL Group (“KGAL”) is in line with both the Paris Climate Agreement and official European, as well as German, long-term climate goals which are aimed at limiting the increase in the global average temperature to below 2°C and to deliver a carbon-neutral economy by 2050. The new strategy builds upon KGAL’s signing of the UN PRI in 2018, and its 2010 mission statement which explicitly incorporated environmental protection requirements into the company’s goals.
You can now read the full press release at the link below