Major asset owners pledge to decarbonise portfolios by 2050
Asset owners and managers signed up to the Net-Zero Asset Owner Alliance include Nordea, Zurich, Allianz and Folksam, with more than $2.4trn in investments.
Image: Ben Gingell/Shutterstock
Boards are set to come under fresh pressure to act on the climate crisis after asset owners controlling $2.4trn in investments said they would decarbonise their portfolios by 2050.
The announcement came in New York at the UN secretary-general’s Climate Action Summit. The project follows one of the biggest international climate school strikes so far and on the day campaigner Greta Thunberg appeared at the General Assembly to call for more government action.
The new commitment, given by a new body—the Net-Zero Asset Owner Alliance—said it would begin engaging with boards immediately “to ensure that they decarbonise their business
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