Over 90 green groups demand stricter membership rules for a raft of corporate financial net zero groups ahead of COP26
Net Zero Asset Owner Alliance also urges policymakers to standardise carbon credits to allow carbon markets to act as a market proxy in the absence of a global carbon price
Current piecemeal approach to carbon pricing threatens progress towards global climate goals, Net Zero Asset Owner Alliance argues
L&G Group, Phoenix Group, BVK, Rothesay and Prudential join initiative, bringing total combined assets managed by members to $6.6tr
Addition of 43 new asset managers triples size of fast-expanding investor-backed climate group
The $5.1tr investor group pledges to work with asset managers to develop blended finance vehicles that can help spread the risks of investing in nascent green technologies
The move to bring together many of the world's top investors in support of the net zero transition has quickly emerged as a 'gold standard' for how to drive climate action, but how did it come about and what will it do next?
UN-backed Net Zero Asset Owner Alliance argues 'capitalism needs to become more sustainable' as group sets out plans to slash emissions from investment portfolios and step up engagement with carbon intensive sectors