Net-Zero Asset Owner Alliance

General

Name of initiative Net-Zero Asset Owner Alliance
LPAA initiative No
NAZCA Initiative No
Website address https://www.unepfi.org/net-zero-alliance/
Related initiatives
Starting year 2019
End year
Secretariat Eric Usher, UN Environment Programme Finance Initiative eric.usher@un.org

and Fiona Reynolds Principles for Responsible Investment (PRI) fiona.reynolds@unpri.org

Organisational structure The Alliance will seek to work with, and enhance a range of existing initiatives, including:

◾ Science-based Targets Initiative ◾ Climate Action 100+ ◾ The Investor Energy & Climate Action Toolkit ◾ The Investor Agenda ◾ Task Force on Climate-related Financial Disclosures

Geographical coverage Global
Name of lead organisation UNEP’s Finance Initiative and the Principles for Responsible Investment (PRI)
Type of lead organisation Financial institution
Location/Nationality of lead organisation France

Description

Description An international group of 29 institutional investors (as of 3rd August 2020) delivering on a bold commitment to transition our investment portfolios to net-zero GHG emissions by 2050.
Objectives 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 1.5°C 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.
Activities Members will seek to reach this Commitment, especially through advocating for, and engaging on, corporate and industry action, as well as public policies, for a low-carbon transition of economic sectors in line with science and under consideration of associated social impacts.
One or two success stories achieved

Monitoring and Impacts

Function of initiative
Activity of initiative
Indicators
Goals The UN-convened Alliance will utilise state-of-the-art tools and align with

various initiatives led by AOs who have demonstrated leadership on the topic of decarbonisation. In more detail, potential actions would emphasize: ◾ Investor ambition and target-setting at portfolio level—reporting of contribution to progress in a sector-specific way. ◾ Impact on the real economy and emissions—to the extent methodologies can be developed for this. ◾ Implementation via an integrated approach to applying environmental, social, and governance considerations for measuring and managing associated impacts. ◾ Joint engagement and monitoring of engagements based on the most authoritative, credible scientific input, to ensure consistency of messaging and necessary ambition. This will build on existing active ownership good practice already under development—such as ClimateAction100+.

Comments on indicators and goals
How will goals be achieved
Have you changed or strenghtened your goals
Progress towards the goals
How are you tracking progress of your initiative
Available reporting https://www.unepfi.org/wordpress/wp-content/uploads/2019/09/AOAbrochure.pdf

Participants

Participants Number Names
Members 29  
Companies 0
Business organisations 0
Research and educational organisations 0
Non-governmental organisations 0
National states 0
Governmental actors 0
Regional / state / county actors 0
City / municipal actors 0
Intergovernmental organisations 0
Financial Institutions 29 Alecta (Sweden),  Allianz (Sweden),  AMF (France),  AVIVA (United K.),  AXA (France),  CBUS (Australia),  CalPERS (USA),  Caisse des Dépôts (France),  CDPQ (Canada),  The church of England (United K.),  CNP Assurances (France),  Danica Pension (Denmark),  David Rockefeller Fund (USA),  ERAFP (France),  Folksam (Sweden),  Fonds de Réserve pour les Retraites - FFR (France),  KENFO (Germany),  Generali Group (Italy),  MP Pension (Denmark),  Munich Re (Germany),  NORDEA (Finland),  PensionDanmark (Denmark),  PFA (Denmark),  SCOR (France),  Storebrand (Norway),  SWiss Re (Switzerland),  United Nations Joint Staff Pension Fund - UNJSPF (USA),  Wespath (USA),  Zurich (Switzerland).
Other members 0
Supporting partners 0
Number of members in the years
Have only national states as participators No


Theme

Transport Agriculture Forestry Business Financial institutions Buildings Industry Waste Cities and subnational governments Short Term Pollutants International maritime transport Energy Supply Fluorinated gases Energy efficiency Renewable energy Supply chain emission reductions Adaptation Other Resilience Innovation Energy Access and Efficiency Private Finance
No No No No Yes No No No No No No No No No No No No No No No No Yes
Last update: 24 September 2020 08:11:18

Not only have national states as participators