DWS discloses Net Zero interim target: 35.4 percent of total Assets under Management in scope to be managed towards Net Zero

3 November 2021

As a founding signatory to the Net Zero Asset Managers Initiative (NZAM Initiative), DWS now sets its 2030 interim target in line with achieving net zero by 2050. It puts 35.4% or EUR 281.3 bn of total Assets under Management as per December 31, 2020 in scope to be managed towards Net Zero. On these overall in-scope assets, DWS seeks to achieve a 50 percent reduction in weighted average inflation-adjusted financial carbon intensity (WACI adj.) related to Scope 1 + 2 emissions by 2030, compared to base year 2019. DWS utilizes the Science Based Targets Initiative (SBTi) framework which is considered a credible and robust foundation providing clear guidance on expected assets in scope and target ambition levels. In addition, DWS will continue to work with existing and also new standards, specifically with the Paris Aligned Investment Initiative and the Net Zero Asset Owner Alliance.

DWS Implementation measures aiming to achieve the set interim target by 2030

Translate assets-in-scope target to portfolio-based management actions

Engage with investee companies and index providers on their net zero target setting

Work with institutional clients towards developing their net zero and portfolio targets

Drive the development of innovative products and services aligned with net zero ambitions

Embed net zero into corporate activities

Source: DWS