More than 325 asset managers have made individual commitments to net-zero alignment by 2050, according to the Net Zero Asset Managers’ latest Target Disclosures Report1.
In good news for the asset management industry’s climate commitments, more managers are taking seriously their environmental responsibilities and making strong pledges to reach net zero faster. Collectively, those with 2050 commitments represent more than $57.5tn in assets under management. Moreover, some 264 signatories have set and disclosed targets to guide their individual net-zero investment practices, as of 31 January 2024, a significant rise since the first release in 2020.
Since the last disclosures announcement, more than 30 asset managers have newly joined the initiative. Another 90 have disclosed targets, while some 53% of signatories with target disclosures have set alignment targets.
1Net Zero Asset Managers Initiative, 2024
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