Fiera Capital's initial targets for the
proportion of assets to be managed in line with achieving net zero
greenhouse gas emissions by 2050 have been approved
MONTREAL, Nov. 17,
2022 /PRNewswire/ - Fiera Capital Corporation ("Fiera
Capital" or the "Company") (TSX: FSZ), a leading independent asset
management firm, is pleased to announce that its proposed initial
carbon reduction and engagement targets have been approved by the
Net Zero Asset Managers initiative (the "Initiative"). As of
November 9, 2022, a total of 169
asset managers have set initial targets, bringing the total assets
now committed to be managed in line with achieving net zero by 2050
or sooner to US$ 21.8 trillion.
The international Initiative aims to compel the asset management
industry to play a more active role in battling climate change.
Fiera Capital joined the initiative in 2021 as part of its
commitment to further reinforce its sustainable investing
approach.
Fiera Capital's initial commitment represents, as of
March 31, 2022, a total of
US$ 9.8 billion or approximately 7%
of its assets under management. As Fiera Capital offers customized
multi-asset solutions across both public and private market asset
classes, the efforts have been focused on finding the most
appropriate approaches for each asset class the Company initially
intended to commit.
This target is a starting point that will be periodically
reviewed, with the intention of adding more strategies and
significantly increasing the Company's commitment as methodologies
further develop to cover more asset classes and data becomes more
accessible. To track its alignment, Fiera Capital plans to leverage
the decarbonization and engagement targets approach of the Paris
Aligned Investment Initiative Net Zero Investment Framework,
developed by a global group of investors which explored how
investors could align their portfolios with the goals of the Paris
Agreement.
"We are proud of our investment teams who made this first pledge
and committed to transition their portfolios in support of the goal
of net zero greenhouse gas emissions by 2050 or sooner. The
approval of our initial targets marks the beginning of our journey
towards a net-zero future, and we are actively looking to raise the
scale of our ambition by continuing to increase our participation
in this important initiative," said Vincent
Beaulieu, Head of Sustainable Investing, Fiera Capital.
"As a responsible asset manager, we believe we have an integral
role to play in collaborating with our peers and contributing to
greater socially responsible and environmental outcomes. We see our
commitment to the Net Zero Asset Managers initiative as one of the
ways we can efficiently allocate our capital to foster sustainable
prosperity within our communities and participate in the global
effort to tackle climate change," said Jean-Philippe Lemay, Global President and Chief
Executive Officer, Fiera Capital.
About Fiera Capital
Corporation
Fiera Capital is a leading independent asset management firm
with a growing global presence and approximately C$158.3 billion in assets under management as of
September 30, 2022. The Company
delivers customized and multi-asset solutions across public and
private market asset classes to institutional, financial
intermediary and private wealth clients across North America, Europe and key markets in Asia. Fiera Capital's depth of expertise,
diversified investment platform and commitment to delivering
outstanding service are core to our mission of being at the
forefront of investment management science to create sustainable
wealth for clients. Fiera Capital trades under the ticker FSZ on
the Toronto Stock Exchange. www.fieracapital.com
Headquartered in Montreal,
Fiera Capital, with its affiliates in various jurisdictions, has
offices in over a dozen cities around the world, including
New York (U.S.), London (UK), and Hong Kong (SAR).
Each affiliated entity (each an "Affiliate") of Fiera Capital
only provides investment advisory or investment management services
or offers investment funds in the jurisdictions where the Affiliate
and/or the relevant product is registered or authorized to provide
services pursuant to an exemption from registration.
In the U.S., asset management services are provided by the
Company's affiliates who are investment advisers that are
registered with the U.S. Securities and Exchange Commission (SEC)
or exempt from registration. Registration with the SEC does not
imply a certain level of skill or training. For details on the
particular registration of, or exemptions therefrom relied upon by,
any Fiera Capital entity, please consult this webpage.
Additional information about Fiera Capital Corporation,
including the Company's annual information form, is available on
SEDAR at www.sedar.com.
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SOURCE Fiera Capital Corporation