Net Zero Asset Managers Initiative

By Charlotte Owen-Burge | June 30, 2021

The Net Zero Asset Managers initiative is an international group of asset managers committed to supporting the goal of net zero greenhouse gas emissions by 2050 or sooner, in line with global efforts to limit warming to 1.5 degrees Celsius; and to supporting investing aligned with net zero emissions by 2050 or sooner. The initiative is global, both in the six founding network partners – the four regional investor networks, AIGCC, Ceres, IGCC and IIGCC, as well as PRI and CDP – and its signatories. Launched in December 2020 with 30 signatories, the initiative has now grown to include 87 signatories with nearly $37 trillion in assets under management, representing nearly 40 percent of the total assets under management across the globe.

The initiative joined the Race to Zero campaign as an official partner to foster collaboration among investors, increase its credibility on the global stage and to further raise ambition ahead of COP26.

The Net Zero Asset Managers initiative launched in December 2020. The initiative aims to galvanise the asset management industry to commit to a goal of net zero emissions. Through its six network partners, it supports signatories in setting credible targets for decarbonisation and implementing their net zero commitment through ancillary guidance and working groups. Further signatories are expected in the coming weeks and months in the run up to COP26.

Nigel Topping, UK High Level Climate Champion for COP26 said:

“This is the first critical Breakthrough for the Race to Zero and especially the asset management industry, with 87 Asset Managers representing over $37 trillion now committed to the net zero transition. Net zero emissions is fast becoming the guiding star for climate ambition, and this momentum must continue to finance the transition to a zero-carbon economy.”