The UN-convened Net-Zero Asset Owner Alliance has released the Inaugural 2025 Target Setting Protocol after consultation on the draft, issued in October 2020.

The full report is available here.

The Alliance is a group of 37 of the world’s largest investors that have committed to reducing carbon emissions in their portfolio – worth $5.7 trillion in AUM – to net-zero by 2050. They will issue their intermediary targets and report on progress in line with Paris Agreement Article 4.9.

The Protocol explicitly sets out how individual members will set a target, achievable in the next five years. Alliance members have used IPCC 1.5C no and low pathways to inform their targets under the Alliance 2025 Protocol, which carefully balances scientific ambition, active ownership engagement, and divestment constraints.

For media inquiries, please contact: Oliver.Wagg@un.org

For inquiries on the content of the Protocol, please contact: Jesica.Andrews@un.org