Monday, 6 December 2021

Maitri Asset Management commits to net zero targets by 2030

5 min read

Singapore, 2 November 2021 - Maitri Asset Management (“Maitri”), a Singapore-based active responsible investment manager and multi-family office, today disclosed its net zero commitment targets, which includes having 50% of its assets under management (“AUM”) managed in line with net zero by 2030. The targets are disclosed as part of Maitri’s participation in the Net Zero Asset Managers initiative (“NZAMi”), in which Maitri is one of the first two Asia-headquartered managers to have set net zero targets.

Manish Tibrewal, Chief Executive Officer of Maitri Asset Management, said: “At Maitri we are firmly committed to practising responsible investing and sustainability stewardship, which are core to our DNA and all our business practices. These principles have become ever more important as ultra-high- net-worth families and institutional investors seek ways to invest in a sustainable future for generations to come. We are proud to be among the first two Asia-based managers within the NZAMi to define net zero targets, and to advance progress in the sustainable investing space as a long-term, active responsible investor.”

Using the Paris Aligned Investment Initiative: Net Zero Investment Framework as the methodology, Maitri’s commitment targets by 2030 include: halving the emissions intensity of 50% of Maitri’s AUM; meaningfully increasing the proportion of AUM invested in companies within material sectors that are on a net zero journey; and engaging at least 70% of financed emissions in material sectors, assessed to be net zero or aligned with a net zero pathway, either directly or through collective investor initiatives. The targets will be reviewed within the next five years, to account for developments in Maitri’s AUM size, portfolio strategies, climate-related data availability and quality.

The Net Zero Asset Managers initiative Progress Report, which contains Maitri’s disclosure, can be accessed at this link: https://www.netzeroassetmanagers.org/NZAM-Progress-Report.pdf

In addition to the NZAMi, Maitri is also active in various sustainability initiatives. The firm is B Corporation-certified, and supports Climate Action 100+, The Investor Agenda, and the Task Force on Climate-related Financial Disclosures. Since June 2021, Maitri also became part of an investor-led programme, organised by the Asia Investor Group on Climate Change, to engage Asian electric utility companies on cutting emissions, strengthening disclosure and improving governance of climate- related risks.

Re-disseminated by Wealth and Society 



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