Nikko Asset Management supports The Investor Agenda

From

Takumi Shibata

Nikko Asset Management Co., Ltd. (“Nikko AM”) has announced its support for efforts towards commitment to the four areas of impact (Investor disclosure; Corporate engagement; Policy advocacy; Investment) under The Investor Agenda, for the global investor community to address climate change.

Nikko AM Representative Director, President & CEO Takumi Shibata said, “We recognise the substantial challenge that climate change represents and are proud to be the first asset manager headquartered in Asia to support efforts to address the four areas of The Investor Agenda, acting in the interests of our clients as a responsible fiduciary.”

The Investor Agenda supports asset owners and managers to act to help keep global temperature rise below 2˚ Celsius, while calling for government implementation of the Paris Agreement. It does this through four main areas:

  1. Investor disclosure – Commit to report annually on the Task Force on Climate-Related Financial Disclosures (TCFD), the industry-led effort formed by the Financial Stability Board (FSB) to manage the physical and transition risks associated with climate change.
  2. Corporate engagement – Sign Climate Action 100+, to engage heavy greenhouse gas emitters to improve governance on climate change, and reduce and disclose their emissions. In addition, support CDP’s disclosure requests.
  3. Policy advocacy – Sign the Global Investor Statement to Government on Climate Change, which calls on world leaders to do their part to
    1. Achieve the goals of the Paris Agreement;
    2. Accelerate private sector investment into the low carbon transition;
    3. Commit to improve climate-related financial reporting.
  4. Investment – Publicly report on commitments and capabilities in the investment process, such as integrating climate change into decision-making, and offering low carbon and climate resilient investments, to showcase investor actions and build a baseline to develop further initiatives.

Nikko AM also joins the Asia Investor Group on Climate Change (AIGCC), to collaborate with its peers on climate change considerations particularly in Asia.

The Investor Agenda has been developed by seven partner organisations: Asia Investor Group on Climate Change, CDP, Ceres, Investor Group on Climate Change, Institutional Investors Group on Climate Change, Principles for Responsible Investment (PRI), and UNEP Finance Initiative. These organisations intend to produce an annual report on the actions that investors have taken and on the outcomes that have been achieved.

Nikko AM recently launched its Corporate Sustainability Department, tasked to bolster its Environmental, Social, and Governance (ESG) commitments both in the way in which it manages itself and how it communicates its approach to investing. As part of this, it has established a microsite featuring details on its corporate ESG commitments and activities, as well as how ESG is embedded in the investment process.

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