IMCO is proud to embrace the targets and pledges of the 2015 Paris Climate Accord which outlines the goals and commitments required to reach net zero greenhouse gas (GHG) emissions by 2050. We have committed to achieving a net zero emissions portfolio by 2050 or earlier.

IMCO has established interim climate targets for 2030, consistent with science-based net zero pathways aimed towards the 1.5°C temperature goal of the Paris Agreement and net zero emissions by 2050.

IMCO will actively reduce its portfolio carbon emissions, while concurrently contributing to building the net zero economy through:

• An interim science-based target of 50% reduction in portfolio emissions intensity by 2030, as measured against IMCO's 2019 baseline;
• Investments in climate solutions totaling 20% of the portfolio by 2030.

As a steward of client capital and a responsible organization, IMCO is committed to playing its part in the transition to a net zero emissions economy. Whether through direct engagement with portfolio companies and external managers, proxy voting or collaborative engagement with our peers, we aim to use our influence to promote strong climate action practices. IMCO's Stewardship Guideline includes our approach to engaging on climate change.

IMCO's Proxy Voting Guideline includes our policy on how we vote and criteria that need to be met to vote for a company's climate plan and/or resolution.

We expect companies to commit to a net zero GHG emissions target by 2050 or sooner, set science-based emission-reduction targets, and disclose climate information in line with TCFD.