CoAct Database

Net Zero Asset Managers (NZAM) Initiative

The Net Zero Asset Managers initiative is an international group of asset managers committed, consistent with their fiduciary duty to their clients and beneficiaries, to supporting the goal of net zero greenhouse gas emissions by 2050 or sooner, in line with global efforts to limit warming to 1.5 degrees Celsius; and to supporting investing aligned with net zero emissions by 2050 or sooner. It is an initiative designed to mobilise action by the asset management industry that demonstrates leading practice in driving the transition to net zero and delivers the ambitious action and investment strategies that will be necessary to achieve the goal of net zero emissions. It also provides a forum to share best practice and overcome barriers to aligning investments to that net zero goal.

The Net Zero Asset Managers initiative launched in December 2020 and aims to support the asset management industry to commit to a goal of net zero emissions in order to mitigate financial risk and to maximise long-term value of assets.

The initiative is endorsed by Investor Agenda and governed by six investor networks – also referred to as the ‘Network Partners’. The Steering Committee, made up of the Network Partners’ CEOs, is responsible for the coordination and implementation of the initiative, which includes ensuring that relevant support is provided to signatories to enable best practice implementation of the commitment.

The initiative is open to any asset manager globally that is also a member of one of the Network Partner networks.