Zurich-based independent global asset manager GAM Investments has announced its net zero targets for 2030 ahead of COP 27 in Sharm El-Sheikh later this year. GAM has pledged to align 75% of its equity and fixed income assets with net zero by the end of the decade, and a 50% reduction in financed carbon emissions across both asset classes. The firm has also committed to engaging with 90% of existing financed emissions in material sectors on their net zero pathways, as well as joining the Powering Past Coal Alliance to support the transition away from coal. Stephanie Maier, GAM’s Global Head of Sustainable and Impact Investment, said: “It’s imperative that in the midst of soaring energy prices and inflation we do not overlook the ‘Decade of Transition’ that is well underway. Those investors committed to net zero have a critical role to play in supporting a net zero future.”
