UN Net-Zero Asset Owners Approve Fourth Target Setting Protocol
The United Nations-convened Net-Zero Asset Owner Alliance (NZAOA) has approved the fourth version of its Target Setting Protocol (TSP) at its Annual General Meeting held on 29-30 September 2021. The TSP guides asset owners in managing climate risks within their portfolios.
The NZAOA has successfully laid the technical groundwork for asset owners to understand and address material climate risks and opportunities. The fourth TSP builds on this foundation, demonstrating the Alliance's commitment to thought leadership in sustainable investing.
The meeting also explored future focuses for the NZAOA, with climate adaptation and resilience emerging as key areas of interest. Geographical expansion, particularly in regions currently underrepresented in the Alliance, was another topic of discussion. The fifth iteration of the TSP is already in the works, further solidifying the NZAOA's influence in the sector.
The NZAOA's fourth Target Setting Protocol, approved at the Annual General Meeting, provides valuable guidance for asset owners navigating climate risks. With a robust TSP in place and future focuses identified, the Alliance continues to drive progress towards a net-zero future.
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