The Net-Zero Asset Owner Alliance opens a public consultation on the fourth edition of its Target Setting Protocol.

The protocol outlines how the Alliance members are to set their science-based intermediate targets. Each new version is intended to make the target-setting framework more robust and sophisticated through incorporation of new methodologies and approaches.  

The updates in the draft of the fourth edition concern expansion of asset class coverage. Specifically, the public is invited to provide feedback on the following additions:  

  •  Target-setting methodologies for private debt funds;
  • Target-setting methodologies for real estate debt funds and residential mortgages (including approaches on embodied carbon and energy efficiency);
  • Performance assessment of sovereign debt holdings through qualitative indicators (such as those provided by ASCOR).

All stakeholders are strongly invited to submit their feedback here, which will inform the final version of the of the protocol.  

To learn more about the latest protocol draft from the Alliance’s technical experts, watch a recording of a deep-dive webinar on this topic here.

The consultation will close on 29 September.  

About the UN-convened Net-Zero Asset Owner Alliance

The Net-Zero Asset Owner Alliance is a member-led initiative of 86 institutional investors, committed to transitioning their investment portfolios to net-zero greenhouse gas emissions by 2050. The Alliance members were the first in financial industry to set intermediate targets (aligned with the Paris Agreement schedule) and they report on their progress annually. The Alliance is convened by UNEP FI and PRI and is supported by WWF and Global Optimism.