The OPAM initiative was set up in 2019 by eight founding asset managers to accelerate the understanding of the implications of climate-related risks and opportunities within long-term investment portfolios. This initiative supports members of the One Planet Sovereign Wealth Funds initiative, which formed in 2018 and established a framework made up of three key principles to advance this climate agenda. Since then, the One Planet network has experienced significant momentum and now consists of 43 members with over $36 trillion in AUM and ownership.
Saker Nusseibeh, CBE, CEO at the international business of Federated Hermes, said: “It is no secret that urgent action is needed to fight the climate crisis. Recognition of the role the investment industry has to play has been an eye-opening and crucial step forwards for many on this journey. The industry is now using its force as a catalyst for change and we are proud to be taking collaborative action with others in joining this vital initiative. Through sharing knowledge on our best-in-class integration and effective engagement with companies and policy makers, we are committed to driving the goals of OPAM forward as much as possible.”