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
8 April 2022
Escalating energy security crisis underscores imperative for accelerated net-zero transition
A statement from the UN-convened Net-Zero Asset Owner Alliance: As countries face critical choices in their energy strategies, amid heightened geopolitical tension and a rapidly warming climate, governments must ensure that energy security policies are compatible with net-zero scenarios mapped out by the International Energy Agency (IEA) or the Intergovernmental Panel on Climate Change (IPCC).…
7 April 2022
“Change rules of the game,” asks $10.4trn Net-Zero Asset Owner Alliance in new paper on investor action
The UN-Convened Net-Zero Asset Owner Alliance releases a high-level paper outlining a forward-looking, systematic stewardship approach for investors that seeks to mitigate the existential risk of climate change. This stewardship approach focuses on how investors can leverage multiple tools of engagement to support changes to economic realities that align with a transition to a 1.5C…
22 March 2022
The Net-Zero Asset Owner Alliance renews its call to asset managers for climate-focused blended finance vehicles
Having received a positive response to its initial Call to Action to Asset Managers – released in February 2021 – the Net-Zero Asset Owner Alliance launched the Renewed Call to Action to Asset Managers for Climate-focused Blended Finance Vehicles. The purpose for this renewal is to organise another set of presentations of blended finance product offerings…
