In May 2018, we joined the Science Based Targets initiative (SBTi), and committed to set ourselves long-term emissions reduction targets for our proprietary investment portfolio and for our business operations in line with the Paris Climate Agreement. In 2019, we helped to set up the UN-convened Net-Zero Asset Owner Alliance (AOA), together with the Finance Initiative of United Nations Environment (UNEP FI), the Principles for Responsible Investment (PRI), WWF and the Mission 2020 campaign. Members of the AOA commit to reduce GHG emissions of their proprietary investment portfolios to net-zero by 2050, taking responsibility of their share in limiting global warming to 1.5°C compared to pre-industrial times.
We pursue this goal with several measures.