Willis Towers Watson Investments has pledged to net-zero greenhouse gas emissions by 2050, across its discretionary delegated investment portfolios.
Willis Towers Watson (WTW) has aimed to reduce its emissions by at least 50 per cent in 2030.
Craig Baker, WTW global chief investment officer commented the 2050 goal is consistent with the targets set by the company’s clients.
“We have already embedded this in our investment process and ultimately in the portfolios we are managing and stewarding,” Mr Baker said.
“Being strategically ahead of a low-carbon transition will, in our opinion, significantly improve risk-adjusted returns for our clients as the mispricing of climate issues is resolved. In particular, we think that understanding this transition will be one of the biggest sources of alpha across all asset classes and that this opportunity is likely to be greatest in the next few years.”
The company is also investing in analytics in the space, including a new impact measurement framework that it has developed with industry participants via its Thinking Ahead Institute.
Willis Towers Watson also acquired climate change adaptation advisory and analytics services company Acclimatise in December.
Sarah Simpkins is a journalist at Momentum Media, reporting primarily on banking, financial services and wealth.
Prior to joining the team in 2018, Sarah worked in trade media and produced stories for a current affairs program on community radio.
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