As a result of our work during the last 18 months on the impact of climate change on future investment returns for members, Cheviot Trustees Limited has adopted a net zero commitment reflecting the Paris Agreement’s objectives to reach net zero by 2050.
As stewards of our members’ capital, we have a responsibility to deliver investment returns and manage risk over the long term in line with our fiduciary duties. We recognise the climate crisis that is facing the globe. The transition to a lower carbon world will impact every inhabitant, economy, and investment, either positively or negatively. Our fiduciary duties require us to identify the risks and opportunities that are present and invest accordingly.
A world where global warming is not contained to significantly below 2 degrees above pre-industrial levels is expected to impact overall portfolio returns and risks. Countries across the globe are making Net Zero Commitments. This will be followed by new policies and regulations that will impact the companies we invest in and lend to, and the associated risks and returns our portfolio can deliver.
The Trustee will manage its investments in line with achieving net zero emission greenhouse gas emissions by 2050. Our commitment is based on governments and policymakers delivering on their commitments to achieve the temperature goals of the Paris Agreement.
The Trustee will keep this under review to ensure it aligns with members’ interests and trustee fiduciary duties.
Cheviot Trustees Limited
July 2022
For more information see the members' factsheet on climate related issues and Cheviot's first TCFD report.