21 April 2021

UN-convened Net-Zero Insurance Alliance

World’s leading insurers and reinsurers and UN Environment Programme to establish pioneering Net-Zero Insurance Alliance Geneva, 21 April 2021—Seven of the world’s leading insurers and reinsurers, working together with the UN Environment Programme Finance Initiative, are currently in the process of establishing a pioneering Net-Zero Insurance Alliance (NZIA). The NZIA is expected to be launched…

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…

20 April 2021

UNEP FI/MinterEllison Launches Litigation Risks in Adaptation Finance Paper

The fifth edition of the UNEP Adaptation Gap Report (2020) found that 72% of countries have adopted at least one national adaptation instrument in their policy planning. Most developing countries are also preparing National Adaptation Plans to strengthen their focus on climate change adaptation. However, the capital needed to implement these plans has yet to…

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…

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…

16 February 2021

Net-Zero Asset Owner Alliance calls on asset managers to support blended finance

The UN-convened Net-Zero Asset Owner Alliance has issued a call to asset managers to collaborate in driving the development of blended finance vehicles, with the aim of drastically ramping up investment in climate solutions. One working area of the Alliance is focused on financing transition of the real economy, which focuses on identifying priority investment…

11 February 2021

UN Secretary General calls Asset Owner Alliance the ‘gold standard for net-zero commitments

UN Secretary-General António Guterres has called on investors who move much of the world’s money to set increasingly ambitious targets and adopt specific plans for achieving net-zero carbon emissions. “The private sector has a crucial role to play in building a more equitable and sustainable world. Our simple objective for 2021 is to make sure…

25 January 2021

Ten UNEP FI members call on governments to step up on adaptation finance, make climate risk reporting commitments

Ten UNEP FI members are calling for greater action to boost adaptation finance and have made commitments on climate risk reporting. At the Climate Adaptation Summit 2021, the leading financial institutions delivered a statement calling for greater action on assessment, reporting and management of the physical risks of climate change, and asking policy makers to deliver mandatory disclosure requirements on climate risk.

20 January 2021

New report sheds light on sustainable financing in Arab region and provides policy recommendations

A new report provides the first in-depth analysis of  sustainable finance practices in a part of the world most vulnerable to the effects of climate change: the Arab region. Issues such as water scarcity, rising sea levels, drought, land degradation and desertification will have serious repercussions for food, energy and water security in this area. Implementing the Sustainable Development Goals – in particular those that help deal with the interlinked water-energy-food challenges – will be key to build resilient, fairer economies.

7 January 2021

Net-Zero Asset Owner Alliance: Statement on the need for a fully developed IEA 1.5°C scenario

As members of the UN-convened Net-Zero Asset Owner Alliance (AoA), we welcome and commend important advancements in the recently-released 2020 World Energy Outlook – in particular, the first-ever inclusion of a net zero by 2050 case to supplement the Sustainable Development Scenario. To help enable a rapid and smooth global transition to net zero emissions by 2050 it is vital that this scenario is expanded into a more robust, comprehensive and central scenario in next year’s iteration of the WEO.

14 December 2020

How UNEP FI is supporting finance action ahead of COP26

On the fifth anniversary of the Paris Climate Agreement, UNEP FI announced its membership of a group of leading finance coalitions that will coordinate their efforts to secure high ambition commitments from private finance institutions by COP26 in November 2021. The coalition will support the COP26 presidency and the Race to Zero in mobilising action across the finance sector.

10 December 2020

One Earth Climate Model plots possible course for real economy to meet Paris 1.5 °C scenario

COP26 Champions welcome study as enabling rapid net-zero transition Geneva, 10 December 2020 – Based on the 2019 One Earth Climate Model (OECM) by the Institute for Sustainable Futures at University of Technology Sydney (UTS), Sectoral Pathways to Net Zero maps out possible 1.5 °C pathways for five key high-emitting sectors: energy, utilities, materials in…

18 November 2020

U.N.-convened Net-Zero Asset Owner Alliance adds members managing combined $200 billion assets

The United Nations-convened Net-Zero Asset Owner Alliance has added three new members with combined assets under management (AUM) of $200 billion, committing to transition their investment portfolios to net-zero greenhouse gas emissions by 2050. Announced at the 19th November Race to Zero Dialogues Finance Day, the new members are: Denmark’s P+, Pension Fund for Academics;…