UN-convened Net-Zero Asset Owner Alliance

Global asset owners committed to decarbonizing their investment portfolios and achieving net-zero emissions by 2050

Net-Zero Asset Owner Alliance is a signatory-led group of institutional investors committed to individually transitioning their own investment portfolios to net-zero greenhouse gas emissions by 2050 – consistent with a maximum temperature rise of 1.5°C.

NZAOA asset owners are the finance industry’s first to set intermediate targets, which include CO2 reduction ranges for 2025 (22 – 32%) and for 2030 (40% – 60%).

Commitment and governance

Read what NZAOA asset owners have pledged to accomplish and how they go about it

Signatory targets

View individual signatory targets – listed by financial institution and by target type

FAQ

All you need to know about NZAOA in one place

Key information

Signatories

Launched at the UN Secretary-General’s Climate Ambition Summit in September 2019 with 12 members, NZAOA now has 87 signatories across 19 countries with US$9.2 trillion in assets under management.

Robust methodologies

NZAOA has built and expanded science-based methodologies for setting climate targets. The fourth edition of its Target-Setting Protocol, released in 2024, covers the entirety of signatories’ private assets and almost the entirety of signatories’ portfolios.

Credible targets

Using NZAOA’s Target-Setting Protocol, 79 signatories (with a combined AuM of USD 9.4 trillion) have now set Paris-aligned 2025 decarbonization targets.

Portfolio emission reduction

NZAOA’s latest data shows that all signatory cohorts (based on the base year for reporting) have recorded reductions in absolute financed emissions of at least 6 per cent annually, in line with the IPCC’s 1.5ºC pathways.

Investing in climate solutions

Starting with climate solution investments of US$87 billion in 2020, NZAOA signatories invested a total of $743 billion as at end of 2023.

Publications

NZAOA 2025 Progress Report

Addressing Climate Impacts: An overview of NZAOA asset owners’ long-term interests and responsibilities

How to Get to the Net? A discussion paper on carbon dioxide removal

Guidelines and Recommendations for Halting Deforestation

Tackling Hidden Emissions for a Net-Zero Transition

Demonstrating 1.5°C-Aligned Decarbonisation: NZAOA’s fourth progress report

Call to Action to Governments to Respond with Urgency on Systemic Climate Risk

Net-Zero Asset Owner Alliance’s Updated Position on Governmental Carbon Pricing

NZAOA Target-Setting Protocol Fourth Edition

Serving Asset Owner Clients through Climate Stewardship: A call to action to the asset management industry

Understanding the Drivers of Investment Portfolio Decarbonisation

A Tool for Developing Credible Transition Plans: Public edition for asset owner pilot-testing

Policy Engagement Guidelines

Scaling Private Capital Mobilization: Call to action to heads of state, policymakers and multilateral development bank officials

Elevating Asset Manager Net-Zero Engagement Strategies

Increasing Climate Ambition, Decreasing Emissions: The third progress report of the Net-Zero Asset Owner Alliance

Unlocking Investment in Net Zero

Aligning Climate Policy Engagement with Net-Zero Commitments: A foundation for asset owner engagement of asset managers

Position on the Oil and Gas Sector

Target-Setting Protocol Third Edition

Call to Action to Private Market Asset Managers

Development and Uptake of Net-Zero Aligned Benchmarks: A call to action for asset owners and index providers

Net-Zero Asset Owner Alliance calls on policymakers to support scaling blended finance

Urgent call to companies and data providers for critical sector data

The second progress report of the Net-Zero Asset Owner Alliance. Advancing delivery on decarbonisation targets.

Net-Zero Asset Owner Alliance Position Paper on Governmental Carbon Pricing

One Earth Climate Model: Sectoral Pathways to Net-Zero Emissions

The Future of Investor Engagement: A Call for Systematic Stewardship to Address Systemic Climate Risk

Target Setting Protocol Second Edition

Recommendations for Credible Net-Zero Commitments from Financial Institutions

More publications

News

How the NZAOA is supporting the unlocking of $1.3 trillion in climate finance

29 July 2025

NZAOA 2025 Progress Report

14 November 2025

Addressing Climate Impacts: An overview of NZAOA asset owners’ long-term interests and responsibilities

06 November 2025

How to Get to the Net? A discussion paper on carbon dioxide removal

31 October 2025

Net-Zero Asset Owner Alliance exploring options for future focus after successful AGM

02 October 2025

More News