Calvert commits to Net Zero Asset Managers initiativeDecember 15, 2020By Anne Matusewicz, CAIAResponsible Investment Strategist, Calvert Research and ManagementWashington - Calvert Research and Management was one of 30 asset managers representing over $9 trillion of assets under management (AUM) to be a founding signatory to the Net Zero Asset Managers initiative when it was unveiled December 11.As a signatory, Calvert commits to support the goal of net zero greenhouse gas (GHG) emissions by 2050 or sooner, and to support investing aligned with net zero emissions by 2050 or sooner. This is in line with global efforts to limit warming to 1.5 degrees Celsius. Being a signatory also signifies that Calvert prioritizes the achievement of real economy emissions reductions within the sectors and companies in which we invest. Calvert is one of four signatories based in the United States.We have long said that asset managers have a powerful ability to drive the transition to net zero, since the industry is responsible for investing trillions of dollars of capital. We believe the opportunities to allocate capital to this transition over the coming years will be significant, and furthermore believe that without our industry on board, it will be difficult to meet the goals set out in the Paris Agreement. Neither governments nor the private sector can do this on their own. We must all do our part to ensure the objectives of the Paris Agreement are met and that the transition to a low-carbon economy is an equitable one.Calvert has a consistent record of collaboration with global organizations that seek to advance the principles of Responsible Investing. In 2006, we were a founding signatory with the United Nations-supported Principles for Responsible Investment (PRI), which is a leading proponent of responsible investment and now has more than 30,000 signatories in over 60 countries. We signed the UN Global Compact in 2001, were the first U.S.-based asset manager to sign the Montreal Carbon Pledge in 2014, and have served on the Investor Advisory Group (IAG) of the Sustainability Accounting Standards Board (SASB) since its inception in 2016, among other commitments.Bottom line: Calvert believes that the Net Zero Asset Managers initiative reflects the urgent need to accelerate the transition toward global net zero emissions. We look forward to welcoming further signatories.