Edmond de Rothschild Asset Management has joined the Net Zero Asset Managers initiative, the company confirmed.
The Swiss financial services group becomes the 301st member of the initiative that represents around €60 trillion in assets under management.
The NZAM has set ambition to reach net zero emissions by 2050 or sooner.
Only weeks ago, Edmond de Rothschild joined the Institutional Investors Group on Climate Change, to "further its commitment towards the energy and environment transition," the group explained.
No further details were confirmed or reported.
The NZAM launched in December 2020 and "aims to galvanise the asset management industry to commit to a goal of net zero emissions," according to its website.
The initiative is endorsed by Investor Agenda and governed by an Advisory group of asset managers that include Edward Mason (Generation Investment Management), Catherine Ogden (Legal and General Investment Management), Charles Nguyen (Neuberger Berman), Silva Dezelan (Stafford Capital Partners), Takeshi Wada (Sumitomo Mitsui Trust Asset Management) and Wendy Cromwell (Wellington Management).
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