Deep Dive #3: Net Zero Carbon: 2020
Montanaro Asset Management is a B Corporation, a business certified for meeting the highest verified standards of social and environmental performance, transparency and accountability.
At the 2019 United Nations Climate Change Conference in Madrid (COP 25), Montanaro joined fellow “B Corps” in announcing a Net Zero Carbon target for its business which it will seek to achieve by 2030.
Montanaro has also set a target that 10% or more of the Montanaro Better World Fund by value will be invested in companies that have achieved Net Zero Carbon by no later than 2030. To achieve this, Montanaro’s Investment Team has begun a long-term engagement: “Project: Net Zero Carbon”.
This paper focuses on our Net Zero Carbon engagements during 2020, which build on engagements undertaken in 2019. These conversations are the first step towards meeting our target. Our efforts to achieve our Net Zero Carbon target at a corporate level will be discussed in a separate paper.
The majority of our engagements were with our investee companies, including certain holdings no longer owned by the Fund or that we rejected. We also spoke to other stakeholders such as policy experts.
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