Throughout history, humankind has undergone shifts in its energy and fuel sources: from wood to coal to other fossil fuels like oil and gas. Each transition has seen companies move with the times while others lag behind. The challenge today is the speed at which the next transition needs to take place. To limit global warming to 1.5°C, renewable energy sources must account for nearly three-quarters of the total energy mix by 2050. Investment in renewables, battery systems and electrification is crucial. The scale of the challenge is vast, but it presents an equally immense opportunity.
We want to lead by example. We therefore aim to reduce carbon emissions for lease cars, international travel, and the gas and electricity used in our offices.
To prepare for the transition towards a low-carbon economy, we upgraded our climate change policy in January 2023.
In April 2022, a group of seven Dutch asset managers, including Van Lanschot Kempen, called on oil and gas companies to step up their actions to counter climate change and limit global warming to 1.5°C.
We successfully engaged with Czech utility company CEZ, one of the ten largest listed utility companies in Europe, on reducing its greenhouse gas emissions.
Thanks to our engagement, Malaysia Airport became the first airport in Asia to incentivise airlines to reduce their emissions.
We believe that coal mining and tar sands have an adverse impact on climate change, and that companies shouldn’t be involved in such activities. That’s why we have an exclusion policy when it comes to certain fund managers.