The target is to halve greenhouse gas emissions from investments by 2030 and to reach net zero by 2050 at the latest.
Evli has updated its climate targets based on target review carried out in 2025. The targets apply to emissions from both Evli's own operations and investments. The aim of the target review was to ensure that Evli’s targets are in line with the targets of the Paris Agreement.
The Paris Agreement aims to limit global warming to 1.5 degrees and well below 2 degrees Celsius compared to pre-industrial levels. In addition, the agreement aims to increase the ability to adapt to the adverse impacts of climate change and to make financial flows and technological development consistent with a pathway towards low greenhouse gas emissions development, while considering different national and geographical conditions and social justice as part of the implementation.
"By committing to net zero by 2050, we want to do our part in supporting the achievement of global climate targets and the transition to a sustainable economy," Evli’s CEO Maunu Lehtimäki says.
Climate strategy and actions
Achieving the net zero target requires extensive groundwork, careful consideration, research and time. Evli believes that aligning its operations with global climate targets is also in the long-term interest of its clients. With the target review, the level of targets has remained the same, and the interim targets and roadmap have been developed to support further work.
"We recognize that a credible long-term net-zero target needs to be supported by sufficiently ambitious interim targets based on the latest knowledge on climate change and the required measures to reduce emissions," says Evli’s Senior Responsible Investment Analyst Emma Kontsas.
The following interim targets have been set for Evli's climate work:
1. A 50 percent reduction in indirect emissions from investments by 2030, provided that the investment environment allows for it. The base year for the target is 2019.
2. In equity and corporate bond funds, increasing the share of investments made in material sectors that are achieving net zero, aligned to net zero or aligning to net zero. The target level for 2027 is 55 percent and the target for 2030 is 65 percent for equity and corporate bond funds. The comparison year is 2022, when the above-mentioned share of investments was 42 percent.
3. By 2030, engaging with at least 20 of the highest-emitting companies that are not committed to or do not have approved science-based climate targets, or that are not meeting the net-zero definition.
Roadmap towards net zero
In order to achieve its goals, Evli will systematically develop its climate work. A roadmap has been built to guide these actions, the key areas of which are:
1. Building a snapshot and emission reduction measures
2. Developing climate risk management
3. Updating the exclusions
4. Engagement and active ownership
5. Systematic analysis of targets.
The implementation of the targets requires development of investment analysis to form a more comprehensive understanding of the current situation in different asset classes. Based on the target review, Evli will research and further develop the following topics and indicators, among others, and integrate them into the analysis and reporting of investments, where applicable:
- Monitoring the development of investments’ emission indicators and developing reporting
- Developing climate work in alternative asset classes
- Taking climate change adaptation into account in climate work
- Developing nature-related work
- Identifying climate-sustainable investments
- Supporting the transition in emission-intensive investments
- Developing physical and transition risk analysis.
Evli's climate work
Evli will continue to follow investor guidelines and their development on emission reduction pathways in line with the Paris Agreement. Measures and interim targets are actively developed to meet their target level.
The updated climate targets complement Evli's long-term work on sustainability and climate topics. Evli published its wealth management’s Climate change principles in 2019 and Climate targets in 2021. Evli's Climate change principles were updated to Evli's Climate and nature principles in 2025. In 2019, Evli joined the Task Force on Climate-related Financial Disclosures initiative as a public supporter and has been reporting in accordance with the framework ever since. In addition, Evli is involved in several climate-related collaborative engagements, on which more detailed information can be found on Evli's website.
Read more about Evli's Climate targets
Additional information:
Emma Kontsas, Senior Analyst, Responsible Investment, Evli Plc
tel. +358 40 635 2098, emma.kontsas@evli.com
Elina Niiranen, Sustainability Manager, Evli Plc
tel. +358 40 567 3446, elina.niiranen@evli.com
