Keeping up with the Kiwis on climate risk disclosure

29 September 2020

New Zealand mandates climate-related risk disclosure Momentum continues to build on climate-risk disclosure across the globe, with New Zealand’s finance minister, James Shaw, announcing legislation, which will make the country the first to require large financial institutions to disclose their climate-related risk. Many other jurisdictions have introduced guidelines and are looking at further climate-related risk […]

UN-convened Net-Zero Asset Owner Alliance kicks off Sustainable Investment Forum North America

25 September 2020

Members of the UN-convened Net-Zero Asset Owner Alliance and its Chair, Guenther Thallinger, launched the virtual Sustainable Investment Forum North America (SIF NA) – a collaboration between UNEP FI and Climate Action. The largest climate finance event during New York Climate Week – “Mobilising sustainable investment towards a 1.5-degree world” – saw keynotes by Eric Usher, […]

UNEP FI and Oliver Wyman launch “Transition Check”, a web-tool that takes a scenario-based approach for assessing transition risk

24 September 2020

As businesses consider the impacts of climate change on their long-term sustainability, it has remained difficult to measure such risks – until now. Introducing Transition Check, a web-tool that takes a scenario-based approach for assessing transition risk and the potential impact of climate change on corporate lending portfolios within an overall framework consistent with the […]

UNEP FI launches “Charting a New Climate”, a report on physical climate risks and opportunities from Phase II of its TCFD Banking Programme

8 September 2020

8 September 2020 – UN Environment Programme Finance Initiative (UNEP FI) has released a report on physical climate risks and opportunities from Phase II of its Task Force for Climate-related Financial Disclosures (TCFD) Banking Programme with climate risk advisory and analytics firm, Acclimatise. The report, “Charting a New Climate”, provides a state-of-the-art blueprint to support […]

Cbus is first Australian member of UN-convened Net-Zero Asset Owner Alliance

31 August 2020

Australian building and construction industry pension fund Cbus has announced its membership of the UN-convened Net-Zero Asset Owner Alliance. The fund is the first Australian asset owner to join the Alliance, bringing membership to 29 managing nearly US$5 trillion in assets. “Cbus recognizes that to decarbonize the global economy in line with the Paris Agreement […]

The David Rockefeller Fund joins the UN-convened Net-Zero Asset Owner Alliance

3 August 2020

The UN-convened Net-Zero Asset Owner Alliance welcomes the David Rockefeller Fund to its membership. The Fund becomes the 28th member of the Alliance, which now has combined assets under management (AUM) of nearly $5 trillion. The Alliance was launched by 12 members with AUM of $2.4 trillion in September 2019. Nili Gilbert, David Rockefeller Fund Trustee & […]

UN Joint Staff Pension Fund joins Net-Zero Asset Owner Alliance

10 July 2020

The United Nations Joint Staff Pension Fund (UNJSPF) has joined the UN-convened Net-Zero Asset Owner Alliance, becoming the 27th member. The Office of Investment Management said in a statement: “As a pension fund with long-term investment horizons and liabilities, UNJSPF is vulnerable to the financial impact resulting from both transition and physical risks caused by […]

Net-Zero Asset Owner Alliance: Statement on the EU’s Non-Financial Reporting Directive consultation

19 June 2020

The UN-Convened Net-Zero Asset Owner Alliance (AOA), representing $4.75 trillion in assets and many of Europe’s largest pension funds and insurance companies, warmly welcomes the review of the EU’s Non-Financial Reporting Directive (NFRD). AOA members have publicly committed at the CEO level to transitioning their investment portfolios to have net-zero greenhouse gas emissions by 2050. […]

Denmark’s Danica Pension joins UN-Convened Net-Zero Asset Owner Alliance

18 June 2020

Danica Pension becomes the 26th member of the UN-convened Net-Zero Asset Owner Alliance (AOA), committing to transitioning its investment portfolio of $68 billion assets under management (AUM) to net-zero greenhouse gas emissions by 2050. CEO Ole Krogh Petersen said: “As a pension company, our more than DKK 400 billion ($60 billion) assets under management can […]

Net-Zero Asset Owner Alliance adds Denmark’s MP Pension

4 June 2020

The UN-convened Net-Zero Asset Owner Alliance (AOA) has more than doubled its membership since its September 2019 launch to 25, with Denmark’s MP Pension announcing its membership today, World Environment Day. MP Pension, with assets under management (AUM) of $18.7 billion, brings the AOA’s total AUM to nearly $4.7 trillion. Jens Munch Holst, CEO at […]

France’s SCOR joins UN-convened Net-Zero Asset Owner Alliance

27 May 2020

Paris-based Tier 1 reinsurer SCOR announced today (27 May 2020) it had joined the UN-convened Net-Zero Asset Owner Alliance, bringing membership to 24 with combined assets under management (AUM) of over $4.6 trillion. Launched in September 2019 during the UN Climate Action Summit, the Net-Zero Asset Owner Alliance (AOA) is an international initiative bringing together […]

Denmark’s PFA Pension joins the UN-Convened Net-Zero Asset Owner Alliance

11 May 2020

11th May 2020 – Danish pension fund PFA has become the 23rd member of the UN-convened Net-Zero Asset Owner Alliance, bringing the total assets under management (AUM) to over US$ 4.6 trillion. By joining the Net-Zero Asset Owner Alliance, an initiative co-convened by PRI and UNEP FI, PFA has committed to transitioning its investment portfolio to net-zero […]

Wespath joins the UN-convened Net-Zero Asset Owner Alliance

20 March 2020

7th April 2020 – Wespath Benefits and Investments , the largest single pool of faith-based pension assets in the world, has become the 22nd member of the UN-convened Net-Zero Asset Owner Alliance. The new member, with US$26 billion assets under management (AUM), brings the Alliance’s total AUM to over US$4.6 trillion. Wespath is the second US-based […]

KENFO is the first sovereign wealth fund to join UN-convened Net-Zero Asset Owner Alliance

9 March 2020

9th March 2020 – German sovereign wealth fund KENFO has become the 21st member of the UN-convened Net-Zero Asset Owner Alliance, bringing the total assets under management (AUM) to approximately US $ 4.6 trillion. By joining the Net-Zero Asset Owner Alliance, KENFO has committed to transitioning its investment portfolio to net-zero greenhouse gas emissions by […]

ERAFP joins UN-convened Net-Zero Asset Owner Alliance

5 March 2020

5th March 2020 – French civil servant pensions fund ERAFP (Établissement de retraite additionnelle de la fonction publique) has become the 20th asset owner to join the UN-convened Net-Zero Asset Owner Alliance, bringing the Alliance’s total assets under management (AUM) to over US$ 4.5 trillion. By joining the Net-Zero Asset Owner Alliance, an initiative co-convened […]

Günther Thallinger, Allianz CIO and Chair of Asset Owner Alliance reacts to BP’s announcement

14 February 2020

Günther Thallinger, Allianz CIO and Chair of the UN-convened Net-Zero Asset Owner Alliance, reacts to BP’s announcement: “We welcome BP‘s announcement to reduce its carbon emission by 2050. This ambition is a step towards achieving the objective of our Net-Zero Asset Owner Alliance commitment. It is a significant statement and we expect it will encourage […]