Net Zero Asset Managers Initiative

Following the announcement of the Net-Zero Asset Owner Alliance, asset managers representing over $9tr of assets under management have launched of the Net Zero Asset Managers Initiative. This is a leading group of global asset managers that will commit to support the goal of net-zero greenhouse gas emissions by 2050 or sooner.

They also will commit to support investing aligned with net-zero emissions by 2050 or sooner. Delivery of the commitment also includes prioritising the achievement of real economy emissions reductions within the sectors and companies in which the asset managers invest.

The members include AXA Investment Managers, BMO Global Asset Management, CCLA Investment Management, Clean Energy Ventures, Fidelity International, Legal & General Investment Management, M&G, Nordea Asset Management, Robeco, Sarasin & Partners, Schroders and UBS Asset Management.

The Net Zero Asset Managers initiative will be managed globally by six Founding Partner investor networks, namely: Asia Investor Group on Climate Change (AIGCC), CDP, Ceres, Investor Group on Climate Change (IGCC), Institutional Investors Group on Climate Change (IIGCC) and Principles for Responsible Investment (PRI). In turn, the initiative is endorsed by The Investor Agenda, of which the investor networks are all founding partners.

The initiative is also set to join the Race to Zero, the UNFCCC-led global campaign that brings together net-zero commitments from a range of leading networks and initiatives across the climate action community.
Eric Usher, head, UNEP Finance Initiative endorsed the launch, saying: “UNEP FI welcomes this initiative from asset managers around the world as the next piece in the ‘net-zero jigsaw puzzle’. Along with the Net-Zero Asset Owner Alliance – co-convened by UNEP FI and the PRI – institutional investors along the full value chain are now taking the pole position in the Earth’s critical transition to the 1.5 C Paris pathway.”

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