IFM Investors pledged to reduce net greenhouse gas emissions in the Melbourne-based firm's four asset classes to zero by 2050, in line with the goals of the Paris Agreement.
In light of the firm's decades-long investment horizon, "it's vital that we actively manage the risks posed by climate change," David Neal, CEO, said in a news release Tuesday.
The money manager reported A$158.7 billion ($109 billion) in assets under management as of June 30, with 40.7% of the total in infrastructure investments, 38.1% in debt instruments, 20.5% in listed equities and 0.7% in private equity.
The news release said IFM Investors has established a multidisciplinary task force to establish frameworks and policies toward achieving that goal.
The firm is owned by 27 Australian retirement plans.
