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

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22 June 2022

Carbon pricing policy instruments need a radical redesign and competent implementation

22 June 2022, Geneva: Ahead of the G7 Leaders’ Summit in Berlin (26-28 June), a new position paper by the UN-convened Net-Zero Asset Owner Alliance argues that carbon pricing must be supported by a mix of policy instruments including international coalitions to provide predictable price signals to businesses and ensure a just and equitable transition…

8 June 2022

Net-Zero Asset Owner Alliance welcomes proposed US SEC climate disclosure rules

The UN-convened Net-Zero Asset Owner Alliance , a group of 73 leading pension funds and insurance companies with $10.6 trillion in assets under management, supports and strongly welcomes the proposed climate disclosure rules by the US Securities and Exchange Commission. Günther Thallinger, Chair of the Alliance, says: “On behalf of Allianz and the UN-convened Net-Zero…

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