Measure Targets Status
Thermal coal exclusionExclusion of companies generation greater than 10% of their revenue from extraction of thermal coalCompleted for internal and passive holdings
Company engagementEngaging with portfolio companies once a yearFY20 - met with 45 of 50 portfolio companies
All portfolio companies have Paris-aligned targets by end of 202134 of 50 portfolio companies meeting target
Carbon footprint of key optionsCarbon intensity of all diversified options (including the defined benefit division) below the benchmarkMeeting target
Incorporate shadow carbon priceApply carbon price of $50/t when analysing material investments that we expect to hold for medium to long termFirst cut of analysis completed
Target net-zero emissions for specific portfolio where practical before 2050Unlisted property and infrastructure95% of unlisted property expected to be net-zero by 2030 or earlier