11 November 2021

Driving net-zero finance integrity at COP26 – Takeaways from UNEP FI’s blue zone event

On the 10th of November 2021, UNEP FI co-hosted a discussion focused on the steps that financial institutions need to take to align their net-zero targets with credible 1.5-degree pathways, and on the implementation of those targets into business processes and operations. Representatives of UNEP FI’s net-zero finance alliances, Guido Fürer – CIO of Swiss…

11 November 2021

Net-Zero Asset Owner Alliance reacts to the draft COP 26 decision text

Upon the release of the draft COP26 decision, Guenther Thallinger, Chair of the UN-convened Net-Zero Asset Owner Alliance, made the following statement: “COP26 can be the start of a multi-year platform for accelerating policy action. The new Glasgow pledges and initiatives do represent progress, yet these are not sufficient to avoid dangerous climate change. Asset…

2 November 2021

New research identifies remaining global carbon budget for twelve main industries

For the first-time sector allocations of the global carbon budget have been provided for both hard to abate and all other sectors – 12 main macro industry sectors in total reporting scope 1, 2 and 3 breakdown. Scientists from the University of Technology Sydney (UTS) have developed energy-related carbon budgets for industries including the aluminum,…

2 November 2021

Net-Zero Asset Owner Alliance responds to Reclaim Finance report

In response to the Reclaim Finance report, “It’s Not What You Say, It’s What you Do”, the Chair of the UN-convened Net-Zero Asset Owner Alliance Günther Thallinger says: “The Alliance is looking for active and constructive dialogue with civil society so that its members can enable the implementation of the crucial transition to a 1.5°C…

27 October 2021

UNEP FI delivers G20 input paper with recommendations for credible net-zero finance commitments

Ahead of the G20 Rome Summit this weekend, UN Environment Programme Finance Initiative (UNEP FI) today publishes its G20 input paper, ‘Recommendations for credible Net-Zero commitments from financial institutions’. UNEP FI is, for the first time, setting out a high-level framework for what a credible, transparent and comparable 1.5°C science-based commitment looks like and what…

20 October 2021

Net-Zero Asset Owner Alliance members to cut portfolio emissions 25-30% by 2025

Less than two weeks away from COP26, the UN-Convened Net Zero Asset Owner Alliance launches its inaugural, biennial Progress Report, highlighting that 29 of its member investors have committed to reducing portfolio emissions by 25-30% by 2025 across three asset classes. This range is higher than the targets set by the inaugural Target Setting Protocol,…

15 October 2021

Japanese insurers join UN-convened Net-Zero Asset Owner Alliance; adding $1.4 trillion to AUM

Three Japanese insurance companies joined the UN-convened Net-Zero Asset Owner Alliance, adding a combined US$1.4 trillion to total assets under management (AUM) and total membership of 53. Japan’s Nippon Life, Sumitomo Life, and Meiji Yasuda Life Insurance announced their membership, committing to net-zero portfolios by 2050 and establishing interim targets every five years in line…

30 September 2021

Swiss and French insurance associations become Net-Zero Asset Owner Alliance supporters

The UN-convened Net-Zero Asset Owner Alliance today welcomed the French and Swiss insurance associations as supporting partners. The Swiss Insurance Association (SIA) said in a statement that the long-term orientation of their members’ business models makes it virtually incumbent on insurers to help drive forward sustainability. In their investment policy in particular, the SIA’s member…

23 September 2021

Net-Zero Asset Owner Alliance backs call to scale-up carbon removal from atmosphere

Asset owners must immediately scale investment into impactful carbon management and negative emissions technologies both inside and outside of value chains, according to a new position paper from the UN-convened Net-Zero Asset Owner Alliance. Following the recent special report by the Intergovernmental Panel on Climate Change (IPCC), the Alliance recognizes that fostering rapid and deep…

6 July 2021

Net-Zero Asset Owner Alliance argues for binding carbon-price corridor

Today’s global carbon-pricing landscape can and should be transformed in a matter of years and pave the way for 1.5ºC-aligned emissions regulation, according to a new discussion paper from the Net-Zero Asset Owner Alliance, convened by the UN. Alliance members are committed to leveraging their portfolios to rapidly reduce global greenhouse gas (GHG) emissions and…

27 May 2021

Net-Zero Asset Owner Alliance adds 5 new members managing $900 billion

The UN-convened Net-Zero Asset Owner Alliance announced the addition of five new members managing nearly one trillion US dollars of assets between them. UK-based joiners include the country’s largest long-term savings and retirement business, Phoenix Group, the country’s largest life insurer, L&G Group, and Rothesay, the UK’s largest pensions insurance specialist. Germany’s largest pension group…

14 May 2021

The ASCOR Project: Assessing Sovereign Climate-related Opportunities and Risks

Asset owners, BT Pension Scheme and the Church of England Pensions Board, alongside the UN-convened Net-Zero Asset Owner Alliance (AOA), the Coalition for Environmentally Responsible Economies (Ceres), the Institutional Investors Group on Climate Change (IIGCC), the Principles for Responsible Investment (PRI), the Transition Pathway Initiative (TPI) are, supported by Chronos Sustainability, joining forces to create…

21 April 2021

Net-Zero Asset Owner Alliance more than triples membership to 37 since 2019 launch

21 April 2021 – The United Nations-convened Net-Zero Asset Owner Alliance today announces a tripling in membership from its launch at the UN Secretary General’s Climate Action Summit in September 2019, with 37 members now committing to set and report on interim targets towards net-zero portfolio emisisons by 2050. Alliance members Wespath and the David…

15 April 2021

Net-Zero Asset Owner Alliance’s new tool for asset manager engagement on climate-related proxy voting

The UN-convened Net-Zero Asset Owner Alliance has today released a new resource designed to help asset owners set expectations for, evaluate, and engage with asset managers on their climate-related proxy voting activities. The document, Elevating Climate Diligence on Proxy Voting Approaches: A Foundation for Asset Owner Engagement of Asset Managers, outlines a set of principles…

12 March 2021

Net-Zero Asset Owner Alliance publishes tender for Digital Map for Climate Solutions

A core focus area of the UN-convened Net-Zero Asset Owner Alliance is Financing the Transition. To address this, the Alliance has a dedicated working group focused on identifying priority investment segments to scale up climate solution investments and technologies for tomorrow in OECD and non-OECD markets. Through this, the Alliance aims to develop and publish…

11 March 2021

German insurance association GDV partners with Net-Zero Asset Owner Alliance

The UN-convened Net-Zero Asset Owner Alliance welcomes Germany’s insurance industry association GDV as a supporting partner – the first insurance industry association to become a supporter of the Alliance. GDV will be in a strong position to support better science and knowledge in measuring climate change impacts on business activities. Chair of the Net-Zero Asset…

5 March 2021

Dai-ichi Life Insurance is first Asian member of Net-Zero Asset Owner Alliance

Japan’s Dai-ichi Life Insurance Company joins the United Nations-convened Net-Zero Asset Owner Alliance, to become the first member based Asia. With assets under management (AUM) of $379 billion, Dai-ichi becomes the 35th member of the fast-growing Alliance, which has total AUM of $5.6 trillion. By joining the Alliance, the company commits to reducing greenhouse gas…