The Net-Zero Asset Owner Alliance (NZAOA) successfully held its Annual General Meeting (29 – 30 September), acknowledging significant milestones in its journey – the successful conclusion of technical foundations for asset owners to understand and address material climate risks and opportunities.
These milestones include the establishment of a robust Target Setting Protocol (TSP), with its fifth iteration forthcoming, which provides guidance for asset owners to individually manage climate risks in their portfolios. The TSP is complemented by multiple asset owner practitioners created resources, demonstrating thought leadership that is now available for use by all investors, both within and beyond the Alliance.
During the meeting, asset owners explored options for the future focus of the NZAOA, such as climate adaptation and resilience, as well as growth in geographical regions, currently underrepresented in the Alliance.”
About the UN-convened Net-Zero Asset Owner Alliance
The UN-convened Net-Zero Asset Owner Alliance is a member-led initiative comprising 86 institutional investors with US$9.5 trillion in assets under management. These investors are individually committed to aligning their investment portfolios with the Paris Agreement’s goal of achieving net-zero GHG emissions by 2050. The Alliance, convened by UNEP FI and PRI, with support from WWF and Global Optimism, was the first in the financial industry to define intermediate targets and provide annual progress reports.