The Net-Zero Asset Owner Alliance renews its call to asset managers for climate-focused blended finance vehicles

22 March 2022

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 and give visibility to the latest innovative vehicles. Thus far, the Alliance has received 20 submissions, five of which were shortlisted and presented to the Alliance members in September 2021.

The Call to Action has been developed in the context of the persistent need for capacity-building and knowledge-sharing in this field, which was raised in the Scaling Blended Finance Discussion paper (published in November 2021). The Call also comes out in the context of the German presidency of the G7, which put investments in sustainable infrastructure at the forefront of its policy agenda.

The relevant criteria and the process of selection are outlined in the Call. Please note that the selection for presentation should not be interpreted as an endorsement by the Alliance nor as a commitment to contribution by any Alliance member.

This Call to Action is ongoing until further notice; therefore, we encourage asset managers to keep submitting their blended finance vehicles.

 About the UN-convened Net-Zero Asset Owner Alliance

The 71 members of the UN-convened Net-Zero Asset Owner Alliance have committed i) to transitioning their investment portfolios to net-zero GHG emissions by 2050 consistent with a maximum temperature rise of 1.5°C above pre-industrial levels; ii) to establishing intermediate targets every five years; and iii) to regularly reporting on progress. The Alliance is convened by UNEP’s Finance Initiative and the Principles for Responsible Investment (PRI). The Alliance is supported by WWF and Global Optimism, an initiative led by Christiana Figueres, former Executive Secretary of the United Nations Framework Convention on Climate Change (UNFCCC).

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