Paris Aligned Asset Owners are a global group of 56 asset owners, with over $3.3 trillion in assets. Consistent with their fiduciary obligations to clients and beneficiaries to avoid financial risk and to maximize long-term value of assets they have made individual commitments to transition their investments to achieve net zero portfolio GHG emissions by 2050, or sooner, drawing on the Net Zero Investment Framework to deliver these commitments.
On 9 November 2022, to coincide with Finance Day at COP27, the Paris Aligned Asset Owners initiative published its first progress report, which presents an overview of the actions taken by signatories to implement their net zero commitments, as well as the work underway by the investor networks and their members to develop methodologies and support implementation. Read the 2022 Progress Report here.
These commitments are complemented by a number of asset managers who are working with asset owners and their clients on net zero alignment. Many have already made net zero commitments through the Net Zero Asset Managers Initiative.