Specialist in Asia Pacific, Japan, China, India and South East Asia and Global Emerging Market equities.

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Specialists in equity portfolios in Asia Pacific, emerging markets, global and sustainable investment strategies

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Responsible Investment Carbon Footprint

Our climate metrics and target

Our net zero1 journey


First Sentier Investors has the ambition to reduce greenhouse gas emissions across its investments in line with a target of progressing towards net zero emissions by 2050 (or sooner) and across its business operations in line with a target of net zero emissions by 2030 (or sooner).

We believe that society must drastically reduce greenhouse gas emissions if we are to avoid the worst consequences of the climate crisis. For this reason, the First Sentier Investors group supports the global transition to a low carbon economy in line with the goals of the Paris Agreement.

We believe that we have a responsibility to encourage the companies we invest in to reduce their greenhouse gas emissions. 

Most investment teams that are actively managing their clients’ money have developed a range of targets at team, portfolio and/or company level that they wish to pursue over the short-, medium- and long-term. Details are available on their pages under What we invest in. Our net zero approach is guided by the Paris Aligned Investment Initiative’s Net Zero Investment Framework (PAII NZIF). Teams have set investment  and/or carbon intensity reduction targets and have committed to monitoring and tracking our progress against those targets.

The initial proportion of our total assets under management (AUM) to be managed in line with our net zero ambition was 44.5%2. This means that 44.5% of the money that we manage is invested in portfolios where the investment manager has set a net zero target.

Over time, we aim to increase this number (to above 44.5%), so that even more of our portfolios are covered by formal net zero targets. This is set out in our Climate Change Action Plan. First Sentier Investors will continue to evaluate the future inclusion of additional asset classes and investment strategies as methodologies and data become available.


1 Cutting greenhouse gas emissions to as close to zero as possible, with any remaining emissions re-absorbed from the atmosphere, by oceans and forests for instance. Source: United Nations Net Zero Coalition 

2 This number is based on organisation-wide AUM as at 31 December 2021 , and includes Stewart Investors. When First Sentier Investors first signed up to the Net Zero Asset Managers initiative (NZAM), which is a reporting protocol used by the firm, the initial AUM covered by the target was 37.9%, and excluded Stewart Investors. This was because Stewart Investors had already signed up to NZAM separately for 100% of its AUM. For Stewart Investors has its own, separate net zero target.    

The net zero classification of companies

First Sentier Investors follows guidance from the Institutional Investors Group on Climate Change (IIGCC) on classifying companies' net zero progress.

Companies can be classified as a) achieving net zero, b) aligned to a net zero pathway, c) aligning towards a net zero pathway, d) committed to aligning, or e) not aligned. For more information, please click here.

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Read our latest annual
Responsible Investment Report

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Stewardship Report

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To the extent this material contains any measurements or data related to environmental, social and governance (ESG) factors, these measurements or data are estimates based on information sourced by the relevant investment team from third parties including portfolio companies and such information may ultimately prove to be inaccurate. To the extent this material contains any ESG related commitments or targets, such commitments or targets are current as at the date of publication and have been formulated by the relevant investment team in accordance with either internally developed proprietary frameworks or are otherwise based on the Institutional Investors Group on Climate Change (IIGCC) Paris Aligned Investment Initiative framework. The commitments and targets are based on information and representations made to the relevant investment teams by portfolio companies (which may ultimately prove not be accurate), together with assumptions made by the relevant investment team in relation to future matters such as government policy implementation in ESG and other climate-related areas, enhanced future technology and the actions of portfolio companies (all of which are subject to change over time). As such, achievement of these commitments and targets depend on the ongoing accuracy of such information and representations as well as the realisation of such future matters. Any commitments and targets set out in this material are continuously reviewed by the relevant investment teams and subject to change without notice.