Net-Zero Asset Owner Alliance
The UN-convened Net Zero Asset Owner Alliance (NZAOA) is a member-led initiative of institutional investors committed to transitioning their investment portfolios to net-zero GHG emissions by 2050 – consistent with a maximum temperature rise of 1.5°C. The Alliance members were the first in the finance industry to set intermediate targets: 44 members (accounting for US$ 7.1 trillion) have set credible 2025 and 2030 decarbonisation targets.
The methodology for target-setting is outlined in the Target Setting Protocol (TSP2) and is consistent with the IPCC’s no- or limited-overshoot pathways. NZAOA members are expected to update their intermediate targets every five years and to report on their progress annually both internally (to the Alliance) and publicly. All members’ targets are evaluated anonymously by a peer review group. Those members whose targets do not fully comply with the Target Setting Protocol are categorised according to the traffic light system as outlined in the Accountability Mechanism.
As of November 2022, NZAOA has 78 members in the Race to Zero.
To join NZAOA, contact: Elke Pfeiffer