Outsourced CIO provider with $326.9 billion in AUM joins Net Zero Asset Managers Initiative.
Russell Investments, an outsourced chief investment officer (OCIO) provider and investment firm, has joined the Net Zero Asset Managers Initiative, a group of 87 international asset managers overseeing $37 trillion in assets that is committed to achieving net-zero greenhouse gas emissions by 2050 or sooner.
The company said it is committed to working with its clients on goals consistent with reaching net-zero emissions within 30 years or earlier for all of its assets under management (AUM).
“Russell Investments is focused on constructing investment portfolios that generate long-term sustainable value, and climate change will likely have a material impact on investment outcomes in the coming years,” Michelle Seitz, chairman and CEO of Russell Investments, said in a statement. “We will work to evolve our investment approach and take the necessary steps to achieve this net-zero goal whi
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