THE COMMITMENT STATEMENT
Commit to transitioning its investment portfolios to net-zero GHG emissions by 2050 consistent with a maximum temperature rise of 1.5°C above pre-industrial levels, taking into account the best available scientific knowledge including the findings of the IPCC, and regularly reporting on progress, including establishing intermediate targets every five years in line with the Paris Agreement Article 4.9.
In order to meet our fiduciary duty to manage risks and achieve target investment returns this Commitment must be embedded in a holistic ESG approach to managing sustainability considerations, incorporating but not limited to climate change, and must emphasise GHG emissions reduction outcomes in the real economy.
Seek to reach this Commitment, especially through advocating for, and engaging on, corporate and industry action, as well as public policies, for a low-carbon transition of economic sectors in line with science and under consideration of associated social impacts.
This Commitment is made in the expectation that governments will follow through on their own commitments to ensure the objectives of the Paris Agreement are met.
Download the Commitment Statement
LATEST NEWS & PRESS RELEASES
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…
