The UN-convened Net-Zero Asset Owner Alliance is an ambitious climate leadership group. The alliance has made a bold, public commitment to transitioning investment portfolios to net zero greenhouse gas emissions by 2050.
The PRI and UNEP FI are co-convening the alliance to set the pace of action in the investment industry in response to the climate and biodiversity emergency we face. PRI’s CEO, Fiona Reynolds serves on the Steering Group of the alliance.
The alliance was launched in September 2019 at the UN Secretary General’s Climate Summit. In 2020, the alliance is advancing in its commitment. Practical tracks of work include monitoring, reporting and verification; engagement with asset managers and corporates; policy advocacy and investment. Mission2020 and WWF provide strategic advice to the alliance. The alliance seeks to co-ordinate with like-minded actors.
The alliance was initiated by Allianz SE, Caisse des Dépôts, La Caisse de dépôt et placement du Québec (CDPQ), Folksam Group, PensionDanmark, and SwissRe. Alecta, AMF, CalPERS, Nordea Life and Pension, Storebrand, and Zurich have joined as founding members. Aviva, AXA, CNP Assurances, Fonds de Réserve pour les Retraites (FRR), Generali and the Church of England have joined the growing group.
The alliance is open to all PRI signatory asset owners to join. To join the alliance: https://www.unepfi.org/net-zero-alliance/join-the-alliance
The alliance’s draft target-setting protocol is available here. This is available for consultation and feedback until 13th November: https://www.unepfi.org/net-zero-alliance/resources/alliance-2025-target-setting-protocol/
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