Driving down carbon emissions in our investment portfolio
Wellcome’s public equity investments already have a comparatively low carbon footprint, at less than a third of the relevant global benchmark. This is because we have relatively little exposure to the most carbon-intensive businesses.
However, we want to do everything we can to drive down the carbon emissions in our portfolio. To help us keep on track, we publish annually an assessment of the proportion of our portfolio by value with a company-declared net zero target, the proportion with a science-based net zero commitment and the proportion with a near-term science-based target.
As of September 2024, 36% of our portfolio by value has a company-declared net zero target, up from 35% in September 2023, and 25% of the portfolio has a…
