Tag: Net-Zero Asset Owner Alliance

The Net-Zero Asset Owner Alliance outlines new guidance for members regarding their approach to the oil and gas sector, calling on consumers and suppliers of oil and gas to set Scope 1, 2, and 3 greenhouse gas emission reduction targets while aligning their operations activities, including capital expenditure, with established 1.5°C pathways. This Position on the Oil and Gas Sector underscores the Alliance’s recognition that unabated climate change poses significant economic and investment risks. Members are committed to mitigating these systemic risks on behalf of their clients and beneficiaries and,…

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The UN-convened Net-Zero Asset Owner Alliance releases a significant update to its Target Setting Protocol, ratcheting up scope and coverage for its 84 members in its third edition of the document. Investment portfolio emissions typically represent the vast majority of an asset owner’s emissions. The latest Protocol expands its methodology and clarifies its expectations to members, ensuring they set short-term decarbonisation targets that put them on a pathway to reaching net-zero greenhouse gas (GHG) emissions in their investment portfolios by 2050. The Alliance’s latest Protocol demonstrates that its members remain…

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Policymakers must facilitate the scaling of blended finance structures to fund climate solutions if the world is to achieve both the Paris climate goals and the UN Sustainable Development Goals (SDGs), said the UN-convened Net-Zero Asset Owner Alliance. In a call on policymakers– signed by UN Special Envoy for Climate Action and Finance Mark Carney and UN High-Level Climate Action Champion, Nigel Topping and supported by the Sustainable Markets Initiative and the Investor Leadership Network – the Alliance said blended finance structures would go a long way to mobilising the…

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As New York Climate Week gathers momentum, the UN-convened Net-Zero Asset Owner Alliance launches its second-ever Progress Report, showing significant membership growth matched by credible intermediate decarbonisation targets. On the Alliance’s third anniversary, the membership stands at six times what it was during its formation in 2019. Now counting 74 institutional investors, the Alliance represents over US$10.6 trillion in assets under management (AUM). According to the Alliance’s Commitment, members have 12 months after joining to publish intermediate targets. This year, 44 members are setting short-term targets, meaning two-thirds of the Alliance’s…

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