Expectations of external managers
AP2 expects external managers to commit to net zero and work with their portfolio companies’ climate risks – transition risks and physical risks – and opportunities, based on their business models.
AP2’s expectations of external managers
Commitment and goals | Long-term net zero goal for the portfolio (2050 or earlier). |
Transition plan/Climate plan | Robust plan to reach net zero, SBTi-adjusted or equivalent. All portfolio companies to have credible plans to reduce emissions. |
Emissions | Report absolute emissions, for Scope 1, 2 and 3. |
Transparency | Report based on TCFD (Task Force on Climate-Related Financial Disclosures), not required but encouraged. |