Simplicity’s Sustainability Targets
Simplicity Has Established Sustainability Targets
Promoting the Paris Agreement. The company has set a target that, by 2040, all fund holdings will have climate targets verified by the Science Based Targets Initiative (SBTi). SBTi is an organization that provides guidance and ensures companies set scientifically grounded climate targets to reduce their greenhouse gas emissions in line with the Paris Agreement, aiming to limit global warming to no more than 1.5°C. Adopting SBTi-verified climate targets demonstrates strong climate ambition and credibility, as the company’s climate efforts are validated by an independent third party. Through this target, the company’s funds support the global effort to achieve UN Sustainable Development Goal 13 on Climate Action and help meet the climate targets set by the Paris Agreement. Intermediate targets for 2025 and 2030 are 50% and 75%, respectively, of the company’s unique fund holdings will have climate targets verified by SBTi. These intermediate targets are set at the company level, which means that the proportion of holdings with SBTi-verified climate targets in an individual fund may be lower than 50% and 75% for 2025 and 2030. The company regularly monitors the proportion of both its funds and unique fund holdings that have SBTi-verified climate targets.
Promoting Responsible Business Conduct. The company has set a target that all investments through its funds will be aligned with the UN Global Compact by 2040. The intermediate target for 2025 is 50%, and for 2030 it is 75%. These intermediate targets are set at the company level, meaning that the proportion of holdings aligned with the UN Global Compact in an individual fund may be lower than 50% and 75% for 2025 and 2030. The UN Global Compact consists of ten fundamental principles covering human rights, labor standards, the environment, and anti-corruption. The company regularly monitors the proportion of both its funds and unique fund holdings that are aligned with the UN Global Compact.