Implementation is key for investors’ net zero commitments. A significant proportion of PRI signatories deliver on their net zero commitments for investor/corporate action (consistent with the Paris Agreement and 1.5C), through PRI-led or PRI-supported initiatives.

Initiative nameDescription

UN-convened Net Zero Asset Owner Alliance

The Alliance is a joint initiative of, and convened by, the UNEP FI and PRI. The members of the Alliance commit to transitioning their investment portfolios to net-zero GHG emissions by 2050 consistent with a maximum temperature rise of 1.5C degrees above pre-industrial temperatures, taking into account the best available scientific knowledge including the findings of the IPCC, and regularly reporting on progress, including establishing intermediate targets every five years in line with Paris Agreement Article 4.9.

Net Zero Asset Manager Initiative

The Net Zero Asset Managers Initiative is a group of 220+ 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 by 1.5 degrees Celsius. Members set 2050 and 2030 interim targets, which are reviewed every 5 years, and report annually on their progress.

Net Zero Investment Consultants Initiative


Launched in September 2021, the Net Zero Investment Consultants Initiative (NZICI) is the investment consultant element of GFANZ and Race to Zero. NZICI is an industry-led initiative and convened by the PRI. As of October 2022, NZICI brings together XX organisations from XX countries – to play their part in accelerating the transition to net-zero emission. Signatories are committed to integrating advice on net-zero alignment into investment consulting services as soon as possible, and within two years of making the commitment, and supporting efforts to decarbonize the global economy by helping their clients to prioritise real-economy emissions reductions

Net Zero Financial Service Providers


Launched in September 2021, the Net Zero Financial Service Providers Alliance (NZFSPA) includes the world’s largest credit rating agencies, major audit networks, leading index providers, global stock exchanges, data providers, and providers of advisory services. All are critical to unlocking a net zero financial system. NZFSPA is industry-led and convened by XXX. As of October 2022, NZFSPA brings together [24] organisations from [6] different sectors to play their part in accelerating the transition to net zero. Signatories are committed to aligning all relevant services and products to net zero by 2050. Members will set science-based targets for their emissions, including interim targets for 2030.

 

Glasgow Financial Alliance for Net Zero

 

The Glasgow Financial Alliance for Net Zero (GFANZ) is the world’s largest coalition of financial institutions committed to transitioning the global economy to net-zero greenhouse gas emissions. GFANZ was launched in April 2021 by UN Special Envoy on Climate Action and Finance Mark Carney and the COP26 Presidency, in partnership with the UNFCCC Race to Zero campaign, to coordinate efforts across all sectors of the financial system to accelerate the transition to a net-zero global economy. GFANZ members include more than 500 firms from over 45 countries.

The Investor Agenda

  • The Investor Agenda is a common leadership agenda on the climate crisis that is unifying, comprehensive, and focused on accelerating investor action for a net-zero emissions economy. We do this in three interlocking ways:
    • Investor Climate Action Plans: Sets out a framework and brings together guidance on investors’ key climate expectations
    • Policy advocacy: Drives ambitious policy action on the climate crisis that in turn unlocks greater investor action. Focus on Global Investor Statement; US, Europe, Japan, Australia, Brazil
    • Strategic communications: Establish and normalise Investor Climate Action Plans; bring clarity to expectations of investors through our collective voice

Climate Action 100+

The longest established initiative was founded in 2017. It aligns investor engagement to encourage the world’s largest emitting companies to take action on climate change and is backed by 545 institutional investors with $52 trillion under management. 

Initiative Climat International

The initiative brings together the private equity firms which are actively promoting climate action within their portfolios.