Luxembourg, 26 June 2024 – Marguerite, a pan-European infrastructure investor, has joined the Net Zero Asset Managers (NZAM) initiative and commits to align its portfolio with net zero emissions pathways by 2050 or sooner.

This commitment is in line with the strategy of the latest fund – Marguerite III – which only makes investments aligned with the Paris Agreement.

“Joining the Net Zero Asset Managers initiative was more a confirmation than a strategy shift. By joining the NZAM, we formally commit to continue our long history of investing with sustainable strategies,” said Pilar Gomez, partner and head of ESG at Marguerite.

Launched in December 2020, the Net Zero Asset Managers initiative aims “to support the asset management industry to commit to a goal of net zero emissions in order to mitigate financial risk and to maximise long-term value of assets”.

“Since our creation, we have supported the reduction of greenhouse gas emissions by channelling capital into climate solutions, engaging companies to further lower their impact and ensuring the portfolio’s resilience to climate change. This is why we decided to join the Net Zero Asset Managers initiative and commit long-term to fully aligning our investments with the Paris Agreement,” said Pilar Gomez.

There will be an interim commitment for the proportion of investments to be managed in line with a net zero emissions target by 2050, which sets short-term goals with regular decarbonisation pathway monitoring and updates. Marguerite plans to engage with its portfolio companies to help them achieve real emissions reductions on their direct (scope 1) and indirect (scope 2) emissions and, when material, emissions within their supply chain (scope 3).

“To deliver, we commit to supporting our portfolio companies on their decarbonisation journey by either marginally adapting their business plans or introducing more profound transformative programs,” said Pilar Gomez.

Marguerite plans to continue investing in companies helping them to lower GHG emissions, such as renewable energy producers, energy efficiency solution providers, and low-carbon transportation companies, among others.

Marguerite’s latest ESG report is available here.