Net-Zero Asset Owner Alliance holds Annual General Meeting

The Net-Zero Asset Owner Alliance held its Annual General Meeting (29 – 30 September), acknowledging milestones and concluding technical foundations to help asset owners address material climate risks and opportunities.

• Main announcement/action: The Alliance confirmed the establishment of a robust Target Setting Protocol (TSP) with a fifth iteration forthcoming, reported membership of 86 institutional investors managing US$9.5 trillion in assets under management, and noted that the TSP and multiple asset-owner resources are available for use by all investors; meeting date: 29 – 30 September.
• Background and other details: The Alliance (convened by UNEP FI and PRI, supported by WWF and Global Optimism) reviewed technical foundations, explored future focus areas including climate adaptation and resilience and geographical growth in currently underrepresented regions; it was the first in the financial industry to define intermediate targets and provide annual progress reports.