Assets Under Management only - is AUM mandatory inclusion within the boundary, or optional?

Hi everyone,

If a company is an Asset Manager, and has none of its own investments or lending, does it need to include its AUM within the SBTi boundary, or is AUM optional since it’s the clients’ investments rather than the company’s?

Thank you!

Hi @EmmaL and welcome to the community,

Apologies for the late response.

Asset managers shall always include assets under management in its target submission to SBTi as long as it for a required asset class in table 5.2 in our guidance (p 55-57), e.g. listed equity and corporate bonds. This includes client’s investments.

Please have a look at these posts for further information:
Asset under management covered…
Off balance sheet assets…
Advisory mandates…


Hi Donald,

Thank you so much for this really helpful info. I don’t know how I didn’t see your answer previously, but this is just what I wanted to be sure of - many thanks for your help and happy new year!