Tag: Net-Zero Asset Owner Alliance

Net-Zero Asset Owner Alliance calls for urgent action to tackle deforestation

Stuart Mitchell

As deforestation rises rapidly up the global agenda, the USD 9.5 trillion Net-Zero Asset Owner Alliance (NZAOA) releases Guidelines and Recommendations for Halting Deforestation. Highlighting the necessity for action and collaboration between investors, policymakers, companies, and data providers to tackle this issue effectively, the paper provides specific recommendations for each group. Investors are encouraged to evaluate their portfolio exposure to deforestation and linked human rights abuses, phase out deforestation and forest conversion risks by 2030, actively engage with companies, asset managers, and policymakers, and disclose their actions, risks, and progress…

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Net-Zero Asset Owner Alliance calls for regulatory mandates on Scope 3 disclosure

Stuart Mitchell

The UN-convened Net-Zero Asset Owner Alliance (NZAOA) has released a new paper emphasising the critical role of top-down regulatory mandates in overcoming data and disclosure challenges related to Scope 3 emissions. As regulations on these emissions evolve worldwide, with the Corporate Sustainability Reporting Directive (CSRD) in the European Union and emerging regulatory frameworks in Japan and California, the NZAOA’s new paper highlights the growing urgency for standardising disclosure and the need for policymakers to act decisively. The report finds barriers to tackling these emissions—which account for three-quarters of most companies’…

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Net-Zero Asset Owner Alliance outlines new guidance for oil and gas investments while calling on companies, policymakers and investors to align with 1.5°C pathways

Stuart Mitchell

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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Net-Zero Asset Owner Alliance raises expectations for members’ real economy impact with updated Protocol

Stuart Mitchell

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 support blended finance to achieve Paris climate goals and the SDGs, says Net-Zero Asset Owner Alliance

Stuart Mitchell

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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