UN-Convened Net-Zero Asset Owner Alliance

By Charlotte Owen-Burge | June 30, 2021

UN-convened Net-Zero Asset Owner Alliance

Initiative overview. 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 currently represent over US$ 10.4 trillion and are the finance industry’s first to have set interim targets, which include CO2 reduction ranges for 2025 (22 – 32%) and for 2030 (49% – 65%).

Benefits: Alliance members collaborate and exchange with peers, contribute to various workstreams, and benefit from having their voices amplified when approaching asset managers, policymakers and investee companies on climate action. Since customers and clients have increasingly stronger expectations of businesses with respect to their societal role and impact, the sooner asset owners address these expectations and reflect them in their individual strategies, the better they can position themselves positively towards these groups. In essence, we believe there is a clear first mover advantage in joining the Alliance.

Geographic coverage: Various (North America, Europe, Africa, Asia, and Australia)

Suitable for: Financial institutions – insurers, pensions funds, sovereign wealth funds, foundations and enowments.

How to join: In order to join the Alliance, institutions must sign the NZAOA commitment statement – agreeing to transition their investment portfolios to net-zero GHG emissions by 2050, to set intermediate every five years and to report on their progress annually. If prospective members are comfortable with this commitment, they can get in touch with the Alliance’s recruitment team via this form.

Website: UN-convened Net-Zero Asset Owner Alliance

Contact Name / Email: Oliver Wagg / oliver.wagg@un.org