Manulife accelerates portfolio decarbonisation as it commits to net zero

Performance goals linked to climate action plan

Manulife has committed to net zero emissions by 2050 across its full range of investments and operations, as the asset manager highlights the need to tackle climate change.

In order to steer its own investment portfolio to net zero by 2050, it is taking a sector-based approach, focusing first on the heavy emitting industries, such as power generation, to establish near-term emissions reduction targets. "Our approach is centered on two core principles," said Sarah Chapman, global chief sustainability officer at Manulife. "First, that there is an immediate need to take action on climate change today; and second, that our actions result in real change versus create the perception of change Jupiter commits to net zero across £55.7bn investment range by 20...