PI Partnership – Jupiter Asset Management
OUR HOPES FOR PEOPLE, PLANET AND PROFIT
Abbie Llewellyn-Waters is head of sustainable investing at Jupiter Asset Management
Abbie Llewellyn-Waters, who leads Jupiter’s Global Sustaina- ble Equity strategy with Freddie Woolfe and Jenna Zegleman, sets out the progress the asset manager would like to see in 2022 and in the years ahead on climate change, inequality and biodiversity.
This decade is key if we are to achieve the necessary progress in tackling the multi-decade challenges facing the planet we live on and the people we coexist with. In 2021, financial markets were largely driven by short-term considerations, but for long term economic prosperity we need to look beyond the near term to address vital issues. For this reason, we focus on companies leading the transition to a more sustainable world. This requires a long-term outlook, in line with solving vital issues facing climate change, inequality and biodiversity. The imperative for sustainable investing has never been greater.
Action on climate change
COP26, the intergovernmental climate change conference that took place in Glasgow in November 2021, was a milestone in the acceleration of policy change to address emissions reduc- tion and biodiversity decline. While the outcome of the confer- ence could have gone further, the direction of travel is clear. We have held the view for some time that there needs to be global collaboration around carbon pricing and there was positive momentum from COP26 around these policy measures. Gov- ernments pledged to revisit and strengthen their 2030 targets to align with the Paris Agreement goal of limiting global warm- ing to 1.5oC above pre-industrial levels. We are hopeful that the ambition gap will be addressed. We expect to see greater collaboration, led by the reiteration of joint commitment from the US and China, and that there will be a rapid but just transition to a low carbon future. As investors, we need to see clear actionability and irreversibili- ty from companies as they move to decarbonise their processes. Companies able to tangibly reduce carbon emissions, rather than offset, will be better positioned to deliver sustainable returns as increasingly we see externalised costs becoming an internalised cost of doing business. In 2022, we except to see further policy acceleration to address the current mispricing of the use of nature. It is vital that companies move to live within planetary bounds and mitigate their environmental impact,
22 Feb 2022 portfolio institutional roundtable: Sustainable investing
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