Investing for a World of Change

Net zero portfolios are not the same thing as achieving net zero in the real economy

A panel of Ninety One’s investment professionals discussed how to measure where a company or country is on its net-zero journey. Here are some highlights.

21. Okt. 2021

30 Minuten

Fast view

  • It’s not enough to simply say carbon-intensity is an inadequate measure of net-zero transition alignment. Viable alternative metrics need to be developed.
  • It may be three years before such metrics are available industry-wide. In the meantime, some Ninety One teams are assessing transition strategies by asking three key questions of companies:
    • Is your carbon-reduction target ambitious enough?
    • Has it been costed for?
    • Is it possible to measure progress on an annual basis – not necessarily in terms of the carbon footprint, but perhaps in terms of capital expenditure on the transition strategy?
  • Ninety One’s Sovereign Fixed Income team has developed a Net Zero Sovereign Index to define a fair transition pathway for individual countries. The index takes into account each country’s starting position, including its level of wealth, and ability to transition.
  • The index allows investors to measure a country’s progress over time in relation to the fair pathway. The aim is to give the investment team and clients a means of monitoring a country’s net zero policies and actions, and whether it is on the right track.


All investments carry the risk of capital loss.

No representation is being made that any investment will or is likely to achieve profits or losses similar to those achieved in the past, or that significant losses will be avoided.

This is not a buy, sell or hold recommendation for any particular security.

Therese Niklasson
Peter Eerdmans
Nazmeera Moola
Chief Sustainability Officer

Wichtige Informationen

Diese Mitteilung dient lediglich der allgemeinen Information und ist nicht als Beratung zu verstehen.

Alle darin enthaltenen Informationen gelten als zuverlässig, können jedoch ungenau oder unvollständig sein. Die Ansichten sind die des Verfassers zum Zeitpunkt der Veröffentlichung und spiegeln nicht unbedingt die Ansichten von Ninety One wider.

Alle geäußerten Meinungen werden ehrlich vertreten. Diese sind jedoch nicht garantiert und somit sollte sich auf diese nicht verlassen werden