In December 2020, Wellington became a founding member of the Net Zero Asset Managers initiative, targeting net-zero emissions across the investment portfolios it manages for clients by 2050 or sooner. Wellington intends to partner with asset owners on their decarbonization goals in recognition of the impact the low-carbon transition may have on security valuations. No single entity can tackle the climate challenge or build a sustainable future alone. Wellington continues to lead on climate issues: engaging with companies it invests in, educating and learning from clients and peers, and now partnering with Enel Green Power to reduce their carbon footprint (and that of their US employees’!).