IFM Investors targets net-zero emissions on investments by 2050

IFM Investors has announced plans to reduce greenhouse gas emissions across its asset classes, targeting net-zero by 2050.

The Australian investment management company has established a multidisciplinary taskforce in order to achieve this goal, which will be spearheaded by its investment team. The team will establish frameworks and policies to guide and support sustainable decision-making processes.

IFM Investors said the commitment is consistent with the goals set out by the Paris Agreement, which aims to limit global temperature rises to below 2°C (3.6°F) and to pursue efforts to limit that increase even further to 1.5°C (2.7°F).

“This is a natural step and an important one if IFM is to continue delivering on its purpose to protect and grow the long-term retirement savings of working people,” said David Neal, CEO of IFM Investors. “The investment horizon of IFM and our investors is often measured in decades, not years, and it’s vital that we active