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
9 August 2021
Net-Zero Asset Owner Alliance: Investors, companies and governments must act definitively after IPCC AR6
As we learned today from the IPCC, climate-related risks – for our planet and our communities – are increasing faster than expected, as the current trajectory in global carbon emissions is rapidly exceeding our estimated carbon budget. The delay for global action and fast transition of the economy is getting us farther from our objective of…
6 July 2021
Net-Zero Asset Owner Alliance argues for binding carbon-price corridor
Today’s global carbon-pricing landscape can and should be transformed in a matter of years and pave the way for 1.5ºC-aligned emissions regulation, according to a new discussion paper from the Net-Zero Asset Owner Alliance, convened by the UN. Alliance members are committed to leveraging their portfolios to rapidly reduce global greenhouse gas (GHG) emissions and…
27 May 2021
Net-Zero Asset Owner Alliance adds 5 new members managing $900 billion
The UN-convened Net-Zero Asset Owner Alliance announced the addition of five new members managing nearly one trillion US dollars of assets between them. UK-based joiners include the country’s largest long-term savings and retirement business, Phoenix Group, the country’s largest life insurer, L&G Group, and Rothesay, the UK’s largest pensions insurance specialist. Germany’s largest pension group…
