Creating a net zero target is a challenge for any organisation, but the complexity grows when it's for a business within a business and the standard methodologies are simply not fit for the purpose. ABN AMRO Investment Solutions (AAIS) partnered with South Pole to develop a bespoke net zero methodology, ensuring a clear and effective corporate sustainability and ESG strategy for long-term climate action.
annual climate report published.
CO2 emissions reduction goal by 2030 established.
net zero approach validated.
Having committed to the Net Zero Asset Managers initiative (NZAMi) in October 2023, it needed to define a climate target and strategy to achieve it.
However, the standard net zero target-setting methodologies are not designed for sub-advisory business models like AAIS, where most assets under management are delegated to external managers. This creates a challenge for any sub-advisory business seeking to create a clear roadmap to achieve net zero.
AAIS partnered with South Pole, a climate consulting firm, to develop a bespoke net zero methodology aligned with its unique business model. The collaboration focused on building a solid foundation for AAIS's net zero journey, ensuring credibility and feasibility in environmental sustainability target setting and implementation.
With South Pole's support, AAIS successfully established a credible net zero target and an actionable strategy to achieve it. The tailored methodology ensures that AAIS can effectively track progress and engage external managers in delivering on its climate commitments. See the AAIS 2024 Climate Report.
Key results include:
By addressing the challenges of its business model head-on, AAIS is now well-positioned to drive meaningful climate action and meet its net zero commitments with confidence.
South Pole provided invaluable guidance as we navigated the complexities of committing to the Net Zero Asset Manager Initiative.
As pioneers in establishing this framework for a sub-advisory business model, we faced unique challenges that required innovative solutions. South Pole's expertise helped us develop a transparent target that effectively leverages the specialized knowledge of our partner asset managers. Despite the demanding path, their collaborative approach enabled us to create an authentic sustainability framework tailored to our unique business model.
Margot Seeley Head of ESG, ABN AMRO Investment Solutions
Connect with South Pole today to build a science-backed roadmap for a sustainable future.
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