Target Setting Protocol Second Edition

Published January 2022

Aligned with the very latest IPCC SR15​ no/low overshoot pathways, the Protocol is intended to guide the Net-Zero Asset Owner Alliance’s members in setting more ambitious climate targets. The updates to the Protocol include:

• Expansion of asset classes (target setting on infrastructure)
• More ambitious reduction range for sub-portfolio targets
• Doubling high-emission sector coverage
• Key asks for asset managers
• Sovereign debt carbon accounting.   

To further contextualize these updates, the Alliance has put together an FAQ document. 

Download the TSP2 (English)             Download the TSP2 (French)

Download the TSP2 (Chinese)            Download the FAQ

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