La Trobe Financial has announced the approval of its carbon-neutral footprint program, marking its initiation into a growing group of asset managers focused closely on ESG and climate.
Credit asset manager La Trobe Financial has announced a formal carbon reduction plan, encompassing multiple projects that will see the business transition to 100 per cent carbon zero by 2030.
In a statement made this week, the asset manager confirmed its projects have been given the tick of approval by Carbon Neutral and have gained the recognition of high integrity Gold Standard projects.
“We are very proud of the approval of our carbon neutral footprint program. We recognise in today’s market that this is a key business metric,” Chris Andrews, deputy chief executive and chief investment officer at La Trobe Financial said.
“We have documented a formal Carbon Reduction Plan, so that we can meet future targets and go beyond simply offsetting our carbon emissions. In the current plan, we propose to implement multiple projects to ensure that we reach our business commitment to 100 per cent carbon zero by 2030. A commitment that we have pledged in our group ESG Framework approved by our Board.”
With a clear carbon footprint benchmark in tow, La Trobe’s director of ESG and international partnerships said the company intends to reduce its footprint every year moving forward.
“To have completed this critical assessment with Carbon Neutral during the past six months is a real achievement,” Caterina Nesci said.
“Dong this is clearly in the interest of the company [and], important for the future of the planet.”
Over the coming months, La Trobe will be activating several projects including reducing travel emissions, sustainable procurement practices, reducing waste and landfill, and aiming to become paperless.
“This will involve every aspect of the business and all staff are truly committed to playing their part in this important work,” Ms Nesci said.
La Trobe’s carbon-neutral program was drafted in close collaboration with independent adviser Carbon Neutral. The company confirmed that the methodology used is in accordance with the Greenhouse Gas Protocol from the World Resources Institute, using additional data from the Commonwealth government, international and domestic governments and academic resources.